Terms for the financing agreement with Sealaska Corp., a business unit of the Tlingit and Haida Indians from southeast Alaska, were not disclosed. But plans for the $180-million luxury resort and gaming facility include 200 hotel rooms and villas, an 18-hole championship golf course, five restaurants, a day spa and equestrian facilities.
The funding agreement paves the way for completion of the tribe's 40,000-sf temporary casino scheduled to open in spring of 2001. It also provides financing for a 300,000-sf permanent, Mediterranean village-style resort-casino overlooking Lake Wohlford.
The arrangement between the San Pasqual tribe, Sealaska, and First Nation Gaming, an investment arm of the Tunica-Biloxi tribe in Louisiana, is the first casino resort of its kind to be financed and developed completely by Native Americans.
"I am excited that three tribal nations are able to work together and create economic opportunities that will benefit each of our tribes," says Allen Lawson, tribal chairman for the San Pasqual band. "Although our tribes are different in many ways, we were able to formulate a winning business strategy by working together."
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