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Top Earning Connecticut Casino Received $54 Million In Stimulus Money

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posted on Jun, 18 2010 @ 09:02 AM

Casino Owners Received $54 Million In Stimulus Money

A casino in Connecticut which had revenues of 1.3 Billion dollars were given $54 million stimulus dollars

I guess we all know who Dodd will be working for after he leaves office.

Your tax dollars hard at work... for everyone but YOU!
(visit the link for the full news article)

[edit on 18-6-2010 by ccsct203]

posted on Jun, 18 2010 @ 09:02 AM
With the support of Sen. Chris Dodd, D.-Conn., the federal

government has awarded $54 million to Connecticut's

politically well-connected Mohegan Indian tribe, which

operates one of the highest grossing casinos in the U.S.

The tribe runs the sprawling Mohegan Sun casino, halfway

between New York City and Boston, which earned more than

$1.3 billion in gross revenues in 2009. Each tribe member

receives a cut of the profits, a number a tribal official said was

"less than $30,000" per capita per year. The stimulus money

is a loan from a U.S. Department of Agriculture rural

development program that is meant to help communities of

less than 20,000 people that have been "unable to obtain

other credit at reasonable rates and terms and are unable to

finance the proposed project from their own resources."

Lynn Malerba, chairwoman of the Mohegan Tribal Council,

defended the award of the stimulus loan to the tribe, and said

that every member of Connecticut's seven-member

Congressional delegation except one had provided assistance

in securing the funds. "The whole Connecticut delegation, I

think aside from [Rep.] Jim Himes, who was traveling, sent a

letter in support."

Bryan DeAngelis, communications director for Sen. Dodd,

confirmed Dodd's support for the loan. "Senator Dodd

supported this project in the same manner and for the same

reasons he supports federal assistance for other Connecticut

projects – creating and preserving local jobs," said DeAngelis.

"The only factor that mattered in Dodd's support of these

loans was job creation and economic recovery in Connecticut."

A former aide to Dodd, Charles Bunnell, is Chief of Staff for

External and Governmental Affairs for the tribe.

An aide to Sen. Joseph Lieberman said the senator "is

supportive of any constituent that applies for federal funding

that will create jobs."
(visit the link for the full news article)

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