Potential Cash Flow

Potential profits from Kewadin Lansing

10% of the annual income the Tribe receives from the project will go directly into the Tribe’s Self Sufficiency Fund. This fund supports programs and services that benefit elders and provides resources to explore future economic development opportunities. Another 3% of the annual revenues will be distributed among and deposited in the following funds: the Elder Health Self-Sufficiency Fund, the Elder Employment Self-Sufficiency Fund, the Funeral Assistance Self-Sufficiency fund, and the Education Assistance Self-Sufficiency Fund. Another 2% of the annual income to the Tribe from this project will be deposited into a fund to establish a college scholarship program for tribal members regardless of blood quantum, similar to what the City of Lansing is doing with their 2%.

Potential cash flow to the Sault Tribe for the first seven years the Lansing Casino will be in operation are projected as follows:

Year 1:  $41 million

Year 2:  $44 million

Year 3:  $47 million

Year 4:  $50 million

Year 5:  $53 million

Year 6:  $58.5 million

Year 7:  $61.5 million

After year seven, $115 million

**These are projected numbers**

About these ads

1 Comment

Filed under Uncategorized

One response to “Potential Cash Flow

  1. Marcia

    Hi I am really interested in the allocation of funds and scholarship. Are the four types of funds which gets from the 3% revenue for tribal members or state citizens, or both? And as the scholarship is for tribal members, is it open for all tribal members, regardless where they are living?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s