This artist's rendering of proposed First Light Resort and Casino has been scrapped now that the tribe has changed architects. Image from Mashpee Wampanoag Tribe
Leaders of the Mashpee Wampanoag Tribe of Massachusetts will meet tomorrow to discuss concerns about its gaming-related debt. The meeting was called after two council members talked about the tribe's debt with The Cape Cod Times. The paper reported that the tribe has borrowed more than $90 million from its gaming partner, money that must be repaid with 16.5 percent interest. The tribe posted an agenda of the executive council meeting on its website but removed it sometime last night, the Times reported. The tribe is working with an affiliate of Genting Group, a Malaysian company that runs the highest-grossing gaming facility in the U.S. in New York City. The firm's success hasn't been replicated in Massachusetts, where the tribe's $500 million First Light Resort and Casino remains in limbo. Get the Story:
Mashpee Wampanoag council to meet on finance complaints (The Cape Cod Times 10/7) Federal Register Notice:
Final Environmental Impact Statement for the Proposed Fee-to-Trust Transfer of Property and Subsequent Development of a Resort/Hotel and Ancillary Facilities in the City of Taunton, MA and Tribal Government Facilities in the Town of Mashpee, MA by the Mashpee Wampanoag Tribe (September 5, 2014) Related Stories:
Mashpee Wampanoag Tribe pays 16.5% interest on casino loan (10/2)
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