A recent news article reported that the Sault Tribe paid $179,000 for seven acres of property next to a racetrack near Detroit. The amount reported was far from the truth. The price paid for the seven acres by the Sault Tribe was actually $400,000 bringing the price per acre up to $57,143.
What does McCoy plan to do with such a valuable piece of land...build a casino, perhaps? That would be the obvious answer with the exception of one very important fact; it is unknown if gaming will even be allowed on this land. Is this just another blind, uneducated business decision made by a hotshot wannabee? Is the land dispute of whether Greektown was ever placed in trust still unresolved and is this new acquisition part of a trade-off agreement?
The one point that is clear is that the Sault Tribe citizens have been left out of all phases of the sinking of Greektown as well as the details of this new venture. Isn't it our money, our health care and our education that is being placed at risk? $57,143 an acre for property that we may never see a return on!
2 comments:
i think you have finally nailed the reason behind the pinnacle land purchase. it seems to be an exchange for the tribe's greektown interests. the fact that mccoy did nothing to retain greektown and suddenly seals a deal for this property so soon on the heels of the loss is too coincidental. keep an eye on those wonderful board members. what's up with the so called new blood on the board? have they so quickly joined forces with the corrupt powers? there have to be checks and balances in order for this tribe to survive.
Joe McCoy did not broker this deal-DJ Hoffman did. The whole story is not being told about this deal, don't know if it's because they don't want to give credit to DJ Hoffman should it turn out to be good economic development, or because Bernard Bouschor and Joe McCoy are meeting with Ted Gatzaparos trying to set up their own deal and undercut this deal. All in our name of course. Such honest upstanding caring men these two are, cut from the same cloth. (It's just to bad it's the cloak of deception to line their pockets instead of the tribes). It will be interesting to watch how it all transpires, which will be soon considering that the Board of Director's will be meeting this Monday to discuss the deal Bernard and Joe would like support on from the Board to go with Ted. Bouschor is building up his support on the Board, with the help of Joe McCoy, Deb Pine, and Lana Causley.
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