In a petition filed
NCC officials haven't been served with the suit, but the organization's attorney said he heard about a possible foreclosure in response to NCC's proposed sale of the greyhound track to
"They said they thought they still had a mortgage on it, which is true. But the terms of the mortgage weren't repayment. The terms of the mortgage were that they (NCC) wouldn't have any more gaming," said attorney
"If they are indeed going to pursuit that, I don't believe they have grounds ... because NCC has done nothing to breach any terms of any agreement they had with the Meskwakis, mainly that they would not carry out any gaming activities in the area without their blessing," Nelson said.
Also listed in the lawsuit are seven other entities that have a possible interest in the properties, including
The racetrack sale hasn't been finalized.
According to court records, the tribe gave the
The debt was the focus of a 2004 deal to bring a floating casino to the former greyhound track, which is located near the U.S. Highways 20/63 interchange. Under the proposal, NCC would have paid off the tribal loan with its share of casino revenue, but state gaming officials denied the casino's license.
The tribe's foreclosure petition also claims the
"This kind of catches us by surprise, so in terms of events scheduled, we're planning on going right ahead," Mochal said.
"We've got all of our events, and the staff and I are working hard on getting ready for the fair this fall. We are still certainly planning on holding all of the events that we have going," Mochal said.
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