North Fork Mono tribe secures nearly $725M for new casino and resort near Madera
The North Fork Rancheria of Mono Indians of California announced Thursday that it had closed on a new nearly $725 million finance agreement.
The loan, provided through a real estate investment trust based in New York City, will be used to develop the new North Fork Mono Casino and Resort project near Madera.
“We appreciate the vision and hard work of the financing team to make this deal a reality,” said Elaine Bethel Fink, President of NFR EDAB.
The tribe says upon completion, the casino and resort will feature about 2,400 slot machines, 40 table games, two restaurants, three bars, a food hall, a retail space, a parking structure and outdoor parking for RV and oversized vehicles.
“We appreciate everything Station and the lenders have contributed to our two decade-long dream of bringing jobs and economic development to our Tribe and community”, says Tribal Treasurer Maryann McGovran. “
“Today our dream is closer than ever with the financing in place”, says Tribal Secretary Christina McDonald.