The Muscogee Nation of Oklahoma plans to put its latest purchase, the Riverwalk Crossing, in trust.

The tribe paid $11.5 million for the property at a foreclosure auction. "It's only natural that when tribes receive or are able to get property that we look at putting it into trust," Chief George Tiger said at a press conference, KJRH-TV reported.

The land-into-trust process will likely take years to complete. In the meantime, the tribe will bring in a management group to evaluate the retail options for the site.

Riverwalk Crossing is across the Arkansas River from the tribe's River Spirit Casino.

Get the Story:
Muscogee Creek Nation buys Riverwalk Crossing (Fox 23 News 4/18)
Creek Nation chief addresses Riverwalk tax questions (KJRH-TV 4/18)

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Muscogee Nation not allowed to build casino near Tulsa (4/18)
Muscogee Nation buys property in foreclosure for $11.5M (4/17)