The Lac du Flambeau Band of
Lake Superior Chippewa is will mortgage fee lands to pay off $50 million in gaming debts after members of the Wisconsin tribe approved a referendum on Thursday.
The tribe will use the land to obtain a line of credit. Proceeds will be used refinance a $22 million debt on the Lake of the Torches
Resort Casino while another $28 million would go to complete a riverboat in Mississippi.
The vote was 429 to 267.
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LDF Referendum Results
(WJFW 2/14)
Business Deals
Lac du Flambeau Band to mortage land for debts
Friday, February 15, 2008
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