The Mashpee Wampanoag Tribe of Massachusetts is closing on a land deal on November 16, The Fall River Herald News reported.
The tribe must pay a non-refundable $225,000 deposit to the redevelopment authority in the city of Fall River. The remainder of the cash for the $4.5 million deal is due by the closing date.
The 45-acre site is part of a larger 300-acre site that the tribe wants to use for a casino. The tribe will pay a refundable $200,000 deposit to secure an option for the remainder of the site.
If all goes well, the tribe will buy the rest of the land for $16.5 million within 120 days.
Get the Story:
Fall River's $4.7M casino land deal set to close Nov. 16
(The Fall River Herald News 10/21)
Related Stories:
Mashpee Wampanoag Tribe to buy land at
casino site for $4.5M (10/20)
Mashpee Wampanoag
Tribe reportedly considers Class II casino (9/29)
Mashpee Wampanoag Tribe working on new
casino deal with city (9/28)
Casino Stalker | Land Acquisitions
Mashpee Wampanoag Tribe closes on casino land deal in month
Thursday, October 21, 2010
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