Hicks proposes loan to fund cannabis enterprise

In one of the first pieces of legislation of his new term, on Monday, Oct. 9, Principal Chief Michell Hicks presented Tribal Council with a resolution that would provide Qualla Enterprises an additional $19 million in funding — under certain conditions.

Tribe ends interest-only payments for gaming ventures

With much of the conversation taking place in closed session, the Eastern Band of Cherokee Indians Tribal Council passed a trio of resolutions Aug. 3 pertaining to the tribally owned EBCI Holdings LLC.

Canton dives in to pool project

Town of Canton officials faced a “sink or swim” moment Jan. 3 when, in a special public hearing, they had to decide whether or not to move forward with plans to seek commercial financing for the town’s beleaguered pool project.

Jackson schools hope to land 0 percent loan

Jackson County is hoping to save $2.3 million on the cost of completing critical repairs in Jackson County Public Schools through a loan program that would lend the $9 million needed at 0 percent interest.

Macon to pay off Parker Meadows loan

With an unexpected increase in sales tax revenue, Macon County commissioners voted in favor of paying off a $5 million loan early for the Parker Meadows Sports Complex project.

Per capita loan program approved in Cherokee

Twice each year, every Cherokee tribal member gets a payout of thousands of dollars — called a per capita payment — based on profits at the two tribally owned casinos.

USDA loan hang-up: Blessing in disguise?

Another of Canton’s highly anticipated capital improvements on the horizon is a new municipal pool to replace the leaky aging one that has served residents for more than 70 years. 

Smokey Mountain News Logo
SUPPORT THE SMOKY MOUNTAIN NEWS AND
INDEPENDENT, AWARD-WINNING JOURNALISM
Go to top
Payment Information

/

At our inception 20 years ago, we chose to be different. Unlike other news organizations, we made the decision to provide in-depth, regional reporting free to anyone who wanted access to it. We don’t plan to change that model. Support from our readers will help us maintain and strengthen the editorial independence that is crucial to our mission to help make Western North Carolina a better place to call home. If you are able, please support The Smoky Mountain News.

The Smoky Mountain News is a wholly private corporation. Reader contributions support the journalistic mission of SMN to remain independent. Your support of SMN does not constitute a charitable donation. If you have a question about contributing to SMN, please contact us.