The Reno-Sparks Indian Colony of Nevada is diversifying its economy by getting into the real estate market.
The tribe has been steadily buying land in and around Reno. The investment is paying off and the tribe is poised to collect $4.4 million in annual sales taxes from a new Wal-Mart on tribal land.
The tribe also opened a Mercedes dealership and operates five smoke shops that bring in an estimated $8 million in sales taxes every year.
Get the Story:
Tribe turns to Wal-Mart in casino-saturated Nevada
(Reuters 8/4)
Relevant Links:
Reno-Sparks Indian Colony - http://www.rsic.org
Business
Nevada tribe diversifies with Wal-Mart, other ventures
Friday, August 5, 2005
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