The Mashpee Wampanoag
Tribe of Massachusetts has racked up $70 million in debt in pursuit of a casino, The Cape Cod Times reported.
The tribe is seeing progress on its $500 million First
Light Resort and Casino. But the effort costs money and the tribal council voted to borrow another $4 million, the paper said.
Of the $4 million, $1 million will be used to pay off interest to Arkana Ltd., a gaming developer, the paper said.
Get the Story:
Tribe's debt grows to $70M, members say
(The Cape Cod Times 11/23)
Gambling foes ride wave of momentum
(The Cape Cod Times 11/25)
$P Federal Register Notice:
Draft
Environmental Impact Statement for the Proposed Fee-to-Trust Transfer of
Property and Subsequent Development of a Resort/Hotel and Tribal Government
Facilities by the Mashpee Wampanoag Tribe (November 15, 2013)
Related Stories:
Mashpee Wampanoag Tribe sees progress on
casino land plan (11/21)