The Estom Yumeka Maidu tribe of California has made provisions for the issuing of $440m in collateral-backed bonds in order to finance the construction of a casino resort.
The tribe has been attempting to construct a casino resort on reservation land since 2016 but to date has been hamstrung by a number of legal issues.
“We are moving ahead with preliminary steps to put the pieces together to get fully engaged in construction,” Estom Yumeka Maidu spokesperson, Charles Altekruse, said in a statement. “We are hoping to make a big announcement in the near future.”
The latest lawsuit threatening progress was recently thrown out by a federal appeals court and the tribe hopes to open doors late in 2019, should finance be secured in adequate time.