The Isleta Indian Reservation is our home for a couple of days and then we'll begin this year's Iron County Cancer Unit fund raising bike ride. Our buddy, Earl Norman, 84 years young, flew in yesterday and we'll be meeting up with him shortly. He will be riding with us again this year, from here to his home in Bellevue, NE.
The picture is of the Hard Rock Casino/Hotel/Golf Course/RV Park/Recreation and fishing area. A VERY large undertaking to say the least. All this construction south of Albuquerque, on the Islata Pueblo Indian Reservation, just outside of the cities urban sprawl, got me to wondering who finances these mega-construction projects. A little "Googling" and I now realize building and bankrolling casinos is very big business indeed. The Orrick's Indian Tribal Finance Group pops up frequently as do major banks across the country. Looking down the road I wonder what happens when/if the tribes default on repayment. What have the tribes put up as collateral? Should a non-repayment occur, will the banks/financiers own/control large chunks of reservations? My happy thought for the day.
If you'd like to help out folks that are currently battling cancer, send a couple of bucks in support of our cancer fund raising ride. 100% all-volunteer, no administrative costs and your donation is 501(C) 3 tax deductible. You can get the particulars here www.tcoinc.com/iccu Thanks for your support, you have made someones life, that is suffering with cancer, a little easier. You've heard, "What goes around comes around" it's true.
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