I talked about the first news report that seemed to indicate that the Mashpee Wampanoag were giving the Middleboro casino investors the boot. This is being played out in the media and in my opinion is a strategy to get a better deal or to engineer a debt forgiveness clause.
Turns out that’s not really the whole story.
This wasn’t mentioned in the first breaking news reports. The investors have stopped giving money to the tribe. I can only think of one reason for them to do that – they don’t see a chance of the casino getting built. Maybe their Twin Rivers disaster is taking it’s toll.
The Middleboro Gambit
Maybe the Middleboro casino project was just a gambit to get concessions from Rhode Island for Twin Rivers. Kerzner etal have been pushing RI to lower the payments and Twin Rivers is teetering on the brink of bankruptcy. They’ve also been bucking for permission to turn TR into a full blown resort(that happens to have a casino). They can certainly afford the chump change it took to buy the Mashpee Wampanoag and town of Middleboro. For pocket money, they got to buy into the longshot indian casino and use that fantasy to strongarm Rhode Island. It was a good idea but Rhode Island wasn’t that dumb.
That bears repeating: The tribe doesn’t own the land. Never did. I’m glad the investors “intend” to make their next payment. It’s mighty big of them to honor the agreement. I would suspect that the next payment, if it is made, will be the last.
Middleboro should do something smart …. for a change
Instead of doing something bordering on intelligent, Middleboro will continue to have our senior planner dedicated to the project and continue paying another to do her job. The planning money we’ve collected will continue to be wasted on the mythical resort(that happens to have a casino).
Middleboro should be working to get this land back. Of course our ever hopeful board of casino cheerleaders will be the very last to realize that this project has been essentially dead for at least 6 months if not longer. What town manager Cristello and the Board of Selectmen should be doing, is looking for the mechanism that would allow us to use the planning payments for something other than casino planning – and lobbying the investors(via the media) to return the land to us as payment for all the pain, havoc, and cost the town has endured for more than two years. If the land cannot be acquired for free, we could use the planning money for it. At that point, after doing a thorough environmental review for Striar residue, we should put a conservation restriction on it and keep it as open space.
Given that the casino investors have stopped payments to the tribe, this sounds like the equivalent of “You can’t fire me … I quit”.
It certainly looks like the investors are trying to cut their losses. Surely they know that there is no chance of this project ever happening. I think Marsha, Pat, and Mimi are the only people on the planet that actually think this project is moving forward. A piece of land near the casino has gone up for sale recently. As I understand it, one prominent pro has an interest in that land. She seems to have seen the writing on the wall.
It’s deja-vu all over again
The article also reports that Marshall was advised that the deal with the investors was bad. Despite that advice, Marshall negotiated an agreement in just over a week. At the end of the day, the final Middleboro agreement didn’t take much more than that. There was ample warning that the Middleboro deal was insufficient and rushed. Mashpee Wampanoag Tribal Council vice chairman Aaron Tobey said of the tribe’s deal with the investors – “It was almost like it was more important to have a deal than to have a good deal,”. Maybe Marshall was fed a version of “sign now or else” like Middleboro was.
I hear you brother.
I expect that pretty soon we’ll start seeing a rewriting of the Middleboro casino project where the bad actors try to recast themselves as victims of unscrupulous investors. What we really had was a bunch of incompetents who try to rush through a bad deal, stifle public comment, and worse.
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