Cherokee invests $15 million with Kituwah LLC

The Cherokee Tribal Council voted unanimously this month to allocate $15 million to Kituwah LLC as an equity investment from the tribe. 

First tenant announced for EBCI’s Sevier development

The 200-acre piece of land that the Eastern Band of Cherokee Indians is developing along Interstate 40 in Sevier County will be soon be home to the world’ largest convenience store. 

Tribe breaks ground on Sevier County development

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. 

Cherokee approves $25 million for Sevier County development

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. 

Tribe to develop themed destination on Sevier County land

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.

Tribe engages firm to pursue expanded casino holdings

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. 

Tribal LLC buys modular home company

The Eastern Band of Cherokee Indians hopes to see a recent $5.8 million purchase by Kituwah LLC generate revenue for the tribe while simultaneously improving tribal members’ access to quality, affordable housing. 

Tribal Council kills resort proposal

A $30 million deal to bring a story-themed resort to Eastern Band of Cherokee Indians-owned land in Sevier County, Tennessee, will not go forward following a unanimous vote from Tribal Council Dec. 5 to kill a resolution Principal Chief Richard Sneed submitted in October. 

Cherokee considers Tennessee resort investment

Cherokee leaders are hoping to establish a lucrative business on a portion of the 300-plus acres of Interstate 40 frontage the tribe purchased in Tennessee earlier this year while also advancing plans for an adventure park on the Qualla Boundary, but first Tribal Council must sign off on the venture. 

Council gives $50 million to tribal LLC

The Cherokee Tribal Council voted to allocate an additional $50 million to Kituwah LLC, the tribe’s economic development arm, during its regular monthly meeting Thursday, Aug. 1. 

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