One of the world’s top amusement park companies will partner with the Eastern Band of Cherokee Indians to create a “themed spectacle” centering Cherokee history at the 200-acre property under development by Kituwah LLC at Exit 407 of Interstate 40 in Sevier County, Tennessee.
In response to a deepening housing crisis and a growing casino enterprise in need of workers, the Eastern Band of Cherokee Indians and the LLCs it owns are moving forward with a slate of residential development projects that will result in more than 1,000 new housing units over the next decade — in both the Qualla Boundary and the surrounding region.
The first phase of a development effort worth tens of millions of dollars is expected to open in 2022 following the Eastern Band of Cherokee Indians’ Nov. 10 groundbreaking at the 200-acre site it purchased along Interstate 40 in Tennessee last year.
After a 15-minute closed session discussion, Tribal Council voted unanimously Oct. 29 to allocate up to $25 million to develop the 197.5-acre property it purchased last year in Sevier County, Tennessee.
The Eastern Band of Cherokee Indians has announced its intention to develop a 200-acre mixed-use development envisioned as an “experiential destination” on property it purchased last year along Interstate 40 in Sevier County, Tennessee.
As states throughout the Southeast consider allowing or expanding commercial gaming in their jurisdictions, Tribal Council has voted to enter into a contract with investment bank Innovation Capital that will allow the company to serve as the tribe’s exclusive financial advisor as it seeks to diversify its holdings in the gaming industry.
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