Terms for the financing agreement with Sealaska Corp., a business unit of the Tlingit and Haida Indians from southeast Alaska, were not disclosed. But plans for the $180-million luxury resort and gaming facility include 200 hotel rooms and villas, an 18-hole championship golf course, five restaurants, a day spa and equestrian facilities.
The funding agreement paves the way for completion of the tribe's 40,000-sf temporary casino scheduled to open in spring of 2001. It also provides financing for a 300,000-sf permanent, Mediterranean village-style resort-casino overlooking Lake Wohlford.
The arrangement between the San Pasqual tribe, Sealaska, and First Nation Gaming, an investment arm of the Tunica-Biloxi tribe in Louisiana, is the first casino resort of its kind to be financed and developed completely by Native Americans.
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