Mashpee Wampanoag Tribe closes on casino land deal in month

Thursday, October 21, 2010  

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)