Well, well, well. Another $200 million added to the tribal debt that in no way benefits the tribal members and their families who have to repay it. Of course Shovel Ready and his Fryebal Council get paid every week without fail now that Genting is forced to underwrite the Asino.
One interesting thing happened. The investors who helped us get recognized are getting paid $60 or $70 m out of that huge pot of money. That is the honorable thing to do in light of the fact that now we can only dream of the easy life we would have had if we stuck with these folks.
We had 535 acres of beautiful historic land in Middleboro that was actually home to one of our ancestral villages. Yes. And it cost us $6 m. As opposed to the 5 disconnected lots in Taunton that cost $56 m that no sane person would buy…..but rank amateur Cedric Cromwell and his band of thieves.
Let’s dream for a minute of a casino in Middleboro and what our lives would be like if we stuck with the people got us to the table in the first place. We would have been a huge resort casino and hotel…already built. We would be in a town where the people really wanted us and a facility that was quality.
Those investors would have built the casino, charged us 6% interest and taken payments over about 10 years. Course there was also a the best deal of all. Initially, Tribal members over 18 would have received about $24,000 a year. Of course that allotment would increase. But there was also an economic development plan in the making that would have kicked in so we would fulfill our self determination.
Course all that dreamy stuff evaporated when Shovel Ready Ceddie
stole the election in 2009. They spent up the nearly million dollar surplus and tried to hustle the old investors by not signing a new agreement. They kicked the old investors to the curb and then Mark Harding brought Genting into our lives. 17% interest, bad deals, lawyers and incompetent consultants who scammed us for 7 years.
And gave us over $400 million in debt……all for the big doughnut.
So the big groundbreaking is near….yes this fabulous Phase I Asino is the size of a Super Walmart (80,000 square feet) costing around $125 m. Right. Expected to compete with the Brockton resort casino that will run around $700 m….no phases, no jibber jabber.
We have really fallen to a dark sad place under this administration.
Middleboro looks like Paradise Lost right about now.