The stimulus money is a loan from a U.S. Department of Agriculture rural development program that is meant to help communities of less than 20,000 people that have been “unable to obtain other credit at reasonable rates and terms and are unable to finance the proposed project from their own resources.”There’s more:
Lynn Malerba, chairwoman of the Mohegan Tribal Council, defended the award of the stimulus loan to the tribe, and said that every member of Connecticut’s seven-member Congressional delegation except one had provided assistance in securing the funds. … The loan is just part of $74 million in loans directed to the Mohegans by the USDA for the construction of a community center and tribal government building.After all the scalps they have taken from the poor, the elderly and the rest of the gambling public via their casino, if the Mohegans couldn’t afford to borrow at market rates, then why the hell is the federal government getting involved, unless it’s to secure campaign cash for the all the Democrats in the Connecticut’s congressional delegation?" Get the Story:
Worth Reading: Dishonest Injun (The Waterbury Republican-American 6/18) Related Stories:
Mohegan Tribe to use federal loan to build government center (6/9)
Column: Why does 'wealthy' Mohegan Tribe get $54M loan? (6/2)