Boyd Gaming, Wilton Rancheria listed as purchasers of stalled mall site

Boyd Gaming, Wilton Rancheria listed as purchasers of stalled mall site

February 11, 2017 7:47 AM
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Boyd Gaming of Las Vegas and Wilton Rancheria, its apparent partner, are both listed as purchasers of a stalled mall construction site in Northern California, according to records filed with the Sacramento County Recorder’s Office.

Wilton Rancheria is federally recognized Indian tribe aspiring to build a casino on the site of what was to be a shopping mall in Elk Grove. The records reveal that last month the partners spent about $36 million to buy the land.

The Sacramento Bee reports this 36-acre parcel is part of a larger 100-acre plot that was supposed to be an outlet shopping mall, under the city’s original development agreement with Dallas-based Howard Hughes Corp.

The newspaper speculates that the purchase could mean that the federal government can now take the land into trust for the tribe, which would pave the way for construction on the proposed $400 million casino, hotel and convention center.

A spokesman for the tribe would not comment, however, Boyd Gaming confirmed the purchase to the newspaper but declined to comment further because the company is scheduled to report earnings next week.

Kristyn Nelson, Elk Grove city spokeswoman told the Sacramento Bee, “Once (the land) it’s taken into trust, it is sovereign land,” thus removing Elk Grove from the casino approval process.