A New Mexico tribe with $88 million in debt has secured a loan from Sandoval County.
Santa Ana Pueblo is trying to refinance debt on its hotel resort and golf courses. The tribe first sought help from the state but lawmaker rejected a proposed deal.
Sandoval County stepped in, agreeing to sell bonds that will fund the loan. The loan amount could be as high as $75 million but may be closer to $60, a county lawyer said.
Get the Story:
Sandoval OKs Loan to Pueblo
(The Albuquerque Journal 2/3)
Related Stories:
N.M. tribe not worried about paying off $88M
debt (08/14)
N.M. tribe seeks $62M
state loan to pay off debts (07/29)
N.M. tribe sanctions leaders for
financial misdeeds (06/05)
Pueblo makes massive casino lay
offs (10/18)
Pueblo blamed
for failed deal (04/08)
Pueblo
sues former lawmaker over deal (03/04)
N.M. county agrees to loan up to $75M to tribe
Tuesday, February 3, 2004
Trending in News
1 Tribes rush to respond to new coronavirus emergency created by Trump administration
2 'At this rate the entire tribe will be extinct': Zuni Pueblo sees COVID-19 cases double as first death is confirmed
3 Arne Vainio: 'A great sickness has been visited upon us as human beings'
4 Arne Vainio: Zoongide'iwin is the Ojibwe word for courage
5 Cayuga Nation's division leads to a 'human rights catastrophe'
2 'At this rate the entire tribe will be extinct': Zuni Pueblo sees COVID-19 cases double as first death is confirmed
3 Arne Vainio: 'A great sickness has been visited upon us as human beings'
4 Arne Vainio: Zoongide'iwin is the Ojibwe word for courage
5 Cayuga Nation's division leads to a 'human rights catastrophe'