Wisconsin
Casino Options Extended
As reported by the Beloit Daily
News: "A year ago Beloit city officials
hoped they had extended a purchasing option
on land for a proposed casino for the last time.
"But
another year has passed, and still the city
awaits approval from the Bureau of Indian Affairs,
necessitating another extension of the agreement
with Rockford developer Kurt Carlson.
"The
council voted Tuesday to amend for a fourth
time Carlson's option to purchase 98.6 acres
of land from the city. Carlson holds a development
agreement with the Bad River Band of Lake Superior
and St. Croix Chippewa and the city for the
development of the casino.
"The
city has had to extend the option to purchase
the land three times since it was granted in
June of 2000, as the tribe's application for
an off-reservation casino has been idling in
a lengthy approval process. The application
is still at the Bureau of Indian Affairs regional
office in Fort Snelling, Minn. with officials
there indicating it could be sent to Washington
in a matter of weeks. The property located to
the west of I-90 consists of three separate
parcels. The updated option will increase the
price of parcel 9 to $39,500 per acre and parcel
11 to $39,500 per acre. That's an increase from
$30,000 per acre last year…"
|
