Tribes plan big projects with tax-exempt bonds
Tuesday, September 22, 2009
Filed Under:
Business
|
National
Tribes across the nation are planning major economic development projects with the help of new bonding authority from the
American Recovery and Reinvestment Act of 2009.
The
Oneida Nation of Wisconsin will use about $16 million in tax-exempt bonds to refinance the purchase of a hotel and a golf course and to refinance a construction project. The
Menominee Nation plans to use $22.6 million for a convention center and a hotel expansion.
The
Confederated Tribes of the Umatilla Reservation in Oregon will use $22.6 million to expand a hotel. The
Spokane Tribe of Washington will use $22.6 million to develop a tourism facility, infrastructure, a manufacturing facility and low-income housing.
The
Lummi Nation will use $22.6 million for environmental and transportation infrastructure projects.
Get the Story:
Oneida, Menominee use $38 million in stimulus funds to upgrade Thornberry Creek, finance convention center, hotel expansion
(The Green Bay Press-Gazette 9/22)
Umatillas receive $22.6 M in tribal development bonds (The Mid-Columbia Tri-City Herald 9/22)
American Recovery and Reinvestment Act:
H.R.1
|
S.1
Related Stories:
Treasury releases $1B in tribal bond authority
(9/16)
Tribes can apply for
$2B in tax-exempt bonds (06/24)
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