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Sunday, September 27, 2009

Another Foxwoods Deal Gone

The Pauma Tribe in California is suing the state over terms of a 2004 agreement after Foxwoods cancelled the deal.

Late last year, Pauma's project for a $300 million hotel and casino with the Mashantucket Pequots' Foxwoods Development Co. of Connecticut hit the rocks.

Pauma's project developer declared the project "not feasible" and canceled funding for it, according to the lawsuit.

A spokesman for the Connecticut tribe said it was unable to get the project financed because of the recession.

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