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Mashpee Wampanoag Tribe Making Steep Budget Cuts As Casino Project Stalls

Mashpee Wampanoag Tribe Making Steep Budget Cuts As Casino Project Stalls

The Malaysian company backing the Mashpee Wampanoag Tribe's bid to build a $1 billion casino in Taunton is dialing back the amount it will lend the tribe, leading to a 50 percent budget cut for the coming fiscal year. The Cape Cod tribe is expecting a loan of $5.4 million for the coming fiscal year, which is 45 percent of what it received for the current fiscal year ($11,944,567), according to the Cape Cod Times.

The Malaysian company backing the Mashpee Wampanoag Tribe's bid to build a $1 billion casino in Taunton is dialing back the amount it will lend the tribe, leading to a 50 percent budget cut for the coming fiscal year. The Cape Cod tribe is expecting a loan of $5.4 million for the coming fiscal year, which is 45 percent of what it received for the current fiscal year ($11,944,567), according to the Cape Cod Times.…