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Analyst: Hesperia Casino Project is History

29 August 2006

HESPERIA, California – As reported by the Hesperia Star: "The troubled Hesperia casino project is history, according to one of the Victor Valley's most-influential real estate analysts.

"Speaking as the guest of honor at the Hesperia Chamber of Commerce's monthly luncheon last Monday at Hesperia Senior Campus, Joe Brady of Bradco told the assembled business owners and civic leaders that the proposed Timbisha Shoshone casino is effectively dead.

"Casino developer Gary Fears has put the property, on Main Street near I-15, across from the Bob's Big Boy Restaurant, up for sale, with an asking price of $32 million.

"…The property being placed on the market follows a bumpy two years since Hesperia voters indicated their approval for the project in March 2004 when they approved Measure X. The Timbisha Shoshone have been engaged in fierce internal disputes, with accusations of tribal council members being bribed by the Rinaldo Corporation, the company originally slated to develop the casino.

"…In May 2005, Governor Arnold Schwarzenegger included Hesperia in a list of communities where he would not approve gaming…"

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