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Tribe wants to end deal with casino developers



Printer Friendly VersionPost a CommentTell a Friend about this Article23 May 2006
As reported by: South Florida Sun-Sentinel
The Seminole Tribe wants a judge to break what it calls an "illegal and unconscionable" contract with the developers of the Seminole Hard Rock Hotel & Casino complexes, saying the deal negotiated by its leaders could cost tribe members $2 billion.

The filing in Broward Circuit Court said developer Power Plant Entertainment has been paid more than $310 million in the two years since the tribe opened new casinos in Hollywood and Tampa.

Power Plant is an arm of the Baltimore-based Cordish Co. and Coastal Development.

The tribe contends that Power Plant stands to make more than $2 billion over the first 10 years of the contract for "doing absolutely nothing." Since the Hollywood Hard Rock opened in May 2004, Power Plant has "provided no services to the tribe," the lawsuit said.

Alan J. Kluger, the tribe's attorney, said tribal gaming nationally has expanded rapidly in the past five years, and along with it laws and understanding of Indian agreements with developers. While the deal seems one-sided "in hindsight," it may have appeared reasonable at the time, he said.
Article By: South Florida Sun-Sentinel

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