The lifelines keeping Greektown alive for Sault Tribe members were disconnected yesterday at a meeting of the Detroit City Council.
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This was the last hurdle the Sault Tribe had to face in order to reclaim Greektown, but the failure of the Sault Tribe board to convince anyone that they had a viable plan to bring Greektown out of bankruptcy drove another nail into the coffin.
For a mere $19 million, the new owners will be taking over in June. Ted Gazarro's, who had paired up with Bernard Bouschor in the early years of Greektown, pressured the Detroit city council for greater ownership but ended up with a big fat zero.
Although the Sault Tribe board remained confident that they would come out on top, it couldn't have been farther from the truth. The only entity they are on top of is the Sault Tribe membership and they will continue to collect their 67K salaries plus benefits and expense accounts until the last dime is gone.
On the bright side, this is the 3rd strike in as many weeks, against a board majority, who protected the recently arrested former police chief Fred Paquin as well as Bernard Bouschor who, according to the Michigan Supreme court, is being held personally responsible for the payout of 2.7 million plus in June of 2004. We may have lost Greektown but the satisfaction of seeing the two most empowered come crashing down is reassuring that all is not lost.
For a mere $19 million, the new owners will be taking over in June. Ted Gazarro's, who had paired up with Bernard Bouschor in the early years of Greektown, pressured the Detroit city council for greater ownership but ended up with a big fat zero.
Although the Sault Tribe board remained confident that they would come out on top, it couldn't have been farther from the truth. The only entity they are on top of is the Sault Tribe membership and they will continue to collect their 67K salaries plus benefits and expense accounts until the last dime is gone.
On the bright side, this is the 3rd strike in as many weeks, against a board majority, who protected the recently arrested former police chief Fred Paquin as well as Bernard Bouschor who, according to the Michigan Supreme court, is being held personally responsible for the payout of 2.7 million plus in June of 2004. We may have lost Greektown but the satisfaction of seeing the two most empowered come crashing down is reassuring that all is not lost.
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