In the western American state of California and the North Fork Rancheria of Mono Indians has reportedly announced that it expects to break ground on its new tribal casino resort before the end of next month.
According to a Thursday report from the online news domain at GVWire.com, the revelation from the federally-recognized tribe comes some eight months after the California State Supreme Court threw out an action from the United Auburn Indian Community of the Auburn Rancheria that had sought to scupper the plan for the new Madera County casino resort. The source detailed that this second tribe is responsible for the state’s Thunder Valley Casino Resort and had been seeking a judgement that would have invalidated its rival’s 2012 gaming compact.
With its traditional homeland in the southern Sierra Nevada foothills of ‘The Golden State’, the North Fork Rancheria of Mono Indians earlier reportedly explained that its planned casino resort is due to sit on a 305-acre site situated just north of the city of Madera. The tribe purportedly also declared that the finished 213,000 sq ft venue, which is to be run by the Station Casinos enterprise of Red Rock Resorts Incorporated, will cost ‘between $350 million and $400 million’ to complete and feature a 200-room hotel as well as gaming floor offering a selection of some 2,000 slots as well as 40 gaming tables.
Stephen Cootey serves as the Chief Financial Officer for Las Vegas-headquartered Red Rock Resorts Incorporated and he reportedly proclaimed that his firm expects ‘to have a shovel in the ground in the second quarter of 2021’ before debuting the finished tribal gaming facility ‘15 to 18 months’ later. The executive purportedly asserted that the completed project to be located just off of the Golden State Highway between Avenue 17 and Avenue 18 will furthermore feature a pair of standalone restaurants alongside a ‘food hall’ concept and could eventually end up providing full-time employment for up to 1,500 locals.
The revelation that central California could have another tribal casino by as soon as October of 2022 reportedly comes a little over three months after the North Fork Rancheria of Mono Indians unveiled a plan that is to see it spend approximately $16.4 million so as to construct 26 new affordable housing units for its members. The scheme from the tribe’s North Fork Rancheria Indian Housing Authority is purportedly expected to be completed by the end of next year and was made possible after the California Tax Credit Allocation Committee awarded it with a low-income housing tax credit that generated $10.6 million in investor equity from RBC Community Investments.
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