Skip to comments.Mohegan Sun Casino Owners Received $54 Million In Stimulus Money
Posted on 06/17/2010 12:15:31 PM PDT by curth
With the support of Sen. Chris Dodd, D.-Conn., the federal government has awarded $54 million to Connecticut's politically well-connected Mohegan Indian tribe, which operates one of the highest grossing casinos in the U.S.
The tribe runs the sprawling Mohegan Sun casino, halfway between New York City and Boston, which earned more than $1.3 billion in gross revenues in 2009. Each tribe member receives a cut of the profits, a number a tribal official said was "less than $30,000" per capita per year. The stimulus money is a loan from a U.S. Department of Agriculture rural development program that is meant to help communities of less than 20,000 people that have been "unable to obtain other credit at reasonable rates and terms and are unable to finance the proposed project from their own resources.
Lynn Malerba, chairwoman of the Mohegan Tribal Council, defended the award of the stimulus loan to the tribe, and said that every member of Connecticut's seven-member Congressional delegation except one had provided assistance in securing the funds. "The whole Connecticut delegation, I think aside from [Rep.] Jim Himes, who was traveling, sent a letter in support."
Bryan DeAngelis, communications director for Sen. Dodd, confirmed Dodd's support for the loan. "Senator Dodd supported this project in the same manner and for the same reasons he supports federal assistance for other Connecticut projects creating and preserving local jobs," said DeAngelis. "The only factor that mattered in Dodd's support of these loans was job creation and economic recovery in Connecticut." A former aide to Dodd, Charles Bunnell, is Chief of Staff for External and Governmental Affairs for the tribe.
An aide to Sen. Joseph Lieberman said "
(Excerpt) Read more at abcnews.go.com ...
Wait until the audit of the BP $20 billion is done. We are talking slush funds.
And they can’t even spring for a decent buffet.
All tribal casinos are scams based on the lie of being located on Sovereign Nations. Indian reservations don’t behave as though they are sovereign nations and this bs loan is a fine example
...we need more and more of these stories...each one helps us in Nov.
They shouldn’t get stimulus money, but gross revenues are not net profits.
And their bonds are trading at 74 cents oon the dollar and are rated CCC+ by Standard & Poor’s.
Sounds like they needed the wampum.
I hope this is the last of the Mohegans..............
In the words of Ray Davies
Money and Corruption
Are ruining the land
Betray the working man,
Pocketing the profits
And treating us like sheep,
And we’re tired of hearing promises
That we know they’ll never keep.
Why should only Indians be allowed to run casinos?
If they are allowed in Connecticut for Indians, everyone should be allowed to open a casino.
You beat me to it.
And they wonder why there’s a taxpayer revolt? Who’s paying that $54 million, so that Dodd can buy some votes? There’s no reason why the public should put up with this corrupt nonsense!
Did they receive it as a grant or did some one let it ride on the wrong number at the roulette table?
...and deficit neutral
Obama pal Van THE RED Jones on video demanding redistribution of wealth to N/A ........ b/c of all those broken treaties.
Pretty slick.. talk about chutzpah! The tribe owns and profits hugely from casinos in CT and PA! And I bet Fast Eddie Rendell is deep in this, as well.
~ ~ ~
“The loan is just part of $74 million in loans directed to the Mohegans by the USDA for the construction of a community center and tribal government building.
USDA officials said that part of their consideration in moving forward with the project was the tribe’s continued challenge in obtaining credit because of the ongoing economic crisis.”
They also own another casino in Wilkes-Barre, PA.
Stimi-cash, too ?
“The Mohegan Sun sponsors race cars and our arena. Why are they allowed such expenses when Obama’s czars are limiting compensation at corporations?”
~ ~ ~
They’ve also been considering building another casino in Massachusetts.
I once knew someone who was an elder in that tribe,
and I know that he and his child got thousands of
dollars every year, in the 5 figures, just for
being documented tribal members.
Gee, can we .. the little people .. get stimulus funds
in this harsh credit climate, too ?
Wasn’t there supposed to be federal oversight that -0
mandated to make sure the banks were loosening up funds
with the billions they got on their credit policies ?
Sickening. Dodd’s mortgaging the futures of the next 6
generations on his way out, guaranteeing himself high
paying positions as a consultant and corporate board
membership for he and probably his wife. And I expect
the other outgoing Rats are doing the same.
TERM LIMITS !!
Can the tribes produce documents WRT where they spent and/or allocated billions in tax dollars? Is any of it offshore? Oh, never mind....the FBI, IRS, SEC, GAO can find out (/snix).
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