6.11.07
Mass. Tribe's Casino Plans Escalate With Land Purchase
Wampanoags' Investors Buy 125-Acre Site For $1.76M
Day Staff Writer
The Mashpee Wampanoag tribe moved a step closer to finding a site for its hoped-for resort casino Friday when its investors paid $1.76 million for 125 acres in Middleborough, Mass., a large town in the southeastern part of the state that calls itself the “cranberry capital of the world.”
The tribe's development partners — Len Wolman of the Waterford Group, South African investor Sol Kerzner and real estate developer Starwood Capital Group — have formed a consortium known as Trading Cove at Mashpee. The consortium bought the land before its option expired Friday, delivering a check to the town for the land, which the town had claimed for nonpayment of back taxes, tribal spokesman Scott Ferson said. (Full Story)
No comments:
Post a Comment