Dang it – looks like the Jamul Indian Tribe
is going to try again:
Jamul Indian representatives told wary community leaders late Tuesday
that the tribe is resurrecting plans to build a casino on its
postage-stamp-sized reservation near rural state Route 94.
Details of the project are expected to be released early next month, but
tribal consultant Steve Davis said it would likely be less than half
the size of what the tribe had previously proposed.
I wonder if they got more funding? Or if Lakes is still involved? Anybody know more than this article says?
Don't know just yet. Doubt that much more information will be presented by Lakes during their 2011 year end review conference call, but I'll give it a listen.
ReplyDeleteI do know that JIV (and Lakes) have spend some money on construction (about 225K) over the 2nd and 3rd quarters of 2011 - which is a lot more than they spent in the recent past (18K in 1Q11; 51K in 3Q10; and 41K in 1Q10).
In addition, they continue to pour obscene amounts into "design" (299K, 297K, 400K, 271K, 304K in 3Q, 2Q, 1Q 2011 and 4Q 3Q 2010). Basically, they have spent an average of 500K per month on design in each quarter for the last 7 years - so they have to have something to show for it.
Lakes is still involved.
Give me a holler (619) 392-1639 or email me at skf_mikeweber@hotmail.com if you would like a little more info.
Regards,
Mike Weber
In the immortal words of Leonard McCoy....
ReplyDelete"It's dead, Jim."
http://www.marketwatch.com/story/lakes-entertainment-announces-termination-of-jamul-agreement-2012-03-13
Mike W.