River Rock drops plan for $300 million casino resort
October 2, 2008
SAN FRANCISCO - The Dry Creek Pomo tribe announced yesterday it has terminated
plans to build a $300 million Tuscan-themed casino resort in Alexander Valley
due to the tight credit market. The plan included a 255-room resort hotel with
meeting rooms, spa, restaurants, shops, gardens and terrace plaza.
A statement issued by the tribe said, ďAs current disruptions in the credit
markets do not permit completion of this financing at this time, the Authority
has decide to terminate the offer to purchase and to postpone the other
transaction until the market conditions improve."
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