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Habematolel Pomo of Upper Lake owes $30M for modest casino

Friday, May 25, 2012
Filed Under: Business Deals | California | Openings and Closings
 


The Habematolel Pomo of Upper Lake in California owes $30 million on its new casino, The Santa Rosa Press-Democrat reports.

Chairwoman Sherry Treppa said the debt is based on construction, interest payments, land purchases, and legal and legislative services associated with the land-into-trust process. She said the casino will generate about $20 million a year, enough to pay back Luna Entertainment of Michigan.

The 33,000 square-foot Running Creek Casino opens this afternoon.

Get the Story:
Upper Lake casino opens Friday (The Santa Rosa Press-Democrat 5/25)

Related Stories:
Habematolel Pomo of Upper Lake ready to open casino on Friday (5/21)

 
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