Terms for the financing agreement with Sealaska Corp., abusiness unit of the Tlingit and Haida Indians from southeastAlaska, were not disclosed. But plans for the $180-million luxuryresort and gaming facility include 200 hotel rooms and villas, an18-hole championship golf course, five restaurants, a day spa andequestrian facilities.

The funding agreement paves the way for completion of thetribe's 40,000-sf temporary casino scheduled to open in spring of2001. It also provides financing for a 300,000-sf permanent,Mediterranean village-style resort-casino overlooking LakeWohlford.

The arrangement between the San Pasqual tribe, Sealaska, andFirst Nation Gaming, an investment arm of the Tunica-Biloxi tribein Louisiana, is the first casino resort of its kind to be financedand developed completely by Native Americans.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.