Representatives of a world-renowned French theme park company met with the Eastern Band of Cherokee Indians Tribal Council this week to discuss a potential partnership at Exit 407 in Sevier County.

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

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. 

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. 

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. 

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.