A North Dakota tribe bought a vacant Las Vegas lot for $12M. What will they do with it?

A North Dakota tribe bought a vacant Las Vegas lot for $12M. What will they do with it?

Article brief provided by InForum
  • Adam Willis, InForum
June 6, 2021 11:13 PM
  • Adam Willis, InForum

In the early months of the pandemic, an oil-producing Native American tribe in North Dakota was looking for somewhere to invest a cut of the nearly $1.7 billion in tax revenues they’ve collected from oil drilling on their reservation over the last decade and a half. They found it in a bankruptcy auction that chopped up a large, vacant property just off the central casino-lined corridor of Las Vegas, Nevada.

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And though leadership of the Mandan, Hidatsa and Arikara Nation, known as the Three Affiliated Tribes, doesn’t have plans for the empty 8.7 acres they claimed for $12 million last July, tribal Chairman Mark Fox said they could use it to build anything from a tribally operated casino to a parking lot.