Sault Tribe Given Two Weeks To Settle $89M Fine With Investors Of Failed Michigan Casinos
On February 1, a judge in Ingham County in Michigan granted Saul Ste. Marie Tribe of Chippewa Indians two weeks to plan the details of how the $89 million fine will be solved with two Michigan development firms and also prohibited the tribe from getting rid of the properties.
Debts of the tribe:
The Sault Tribe is to pay $9 million in loan debt, $60 million for unfinished casino construction in Huron Township close to the Metro Airport and $28.8 million for unfinished casino construction in Lansing to development firms New Boston and Lansing.
Referring to the total debt, Ingham County Circuit Court Chief Judge Joyce Draganchuck said: “The tribe’s gaming hand, Kewadin Casinos Gaming Authority, has to pay $88.8 million to the New Boston a…
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