Tribe buys lobster company

MARCH 23, 2001

The Mohegan Tribe of Connecticut on Wednesday completed purchase of the Garbo Lobster Co. in Stonington, paying $1.7 million for the property.

The purchase is part of the tribe's attempt at diversification of its holdings. The tribe has invested more than $10 million in a fish hatchery, a processing plant, and fish barns.

The tribe plans on beginning work on these three projects next month.

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Mohegans complete purchase of Garbo Lobster Co (The New London Day 3/23)