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Oregon Tribe Offers Casino Revenue Deal

VANCOUVER, Oregon – As reported by the Oregonian: "The Cowlitz Indian Tribe would pay La Center as much as $3 million annually for 10 years to recoup lost revenue from cardrooms under a proposal to be presented tonight to the City Council.

"The proposed 'memorandum of understanding' also calls for cooperation between the tribe and city on several projects, such as developing sewage services to the La Center-Interstate 5 junction and the tribe's support for the city's desire to extend its urban growth boundary to the junction.

"But the biggest unknown until now has been how much money the tribe proposes to pay for lost revenue from the four cardrooms in the city, which are anticipated to lose money if the casino is built.

"'This addresses their biggest concern,' the potential loss of cardroom revenue, said David Barnett, a tribe member and part of a partnership with the Mohegan Tribal Gaming Authority that is developing the proposed casino-resort next to the junction

"…Without a financial arrangement, the casino development could have a devastating impact on the city's finances.

"…The tribe proposes building an 877,000-square-foot complex with a hotel, shops, meeting space and tribal headquarters on the 152-acre site. The project has been valued at $510.3 million…"

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