St. Croix Chippewa secure funding to complete Danbury casino project
DANBURY, Wis. – The St. Croix Chippewa of Wisconsin have announced that funding has been secured for the completion of their new casino in Danbury.
A total of $55 million will be available to the tribe for the construction project. Heartland Business Bank of Green Bay is funding a $17 million conventional loan for construction and a $38 million loan guaranteed by the Department of the Interior. Loan papers were signed at a special ceremony at the Hole in the Wall Casino & Hotel in Danbury March 11.
“We need to show that we are progressive and competitive as a tribe and today is the start of that,” St. Croix Tribal Chairman Lewis Taylor said of the loan closing.
The tribe projects completion of the new facility by July 1.
When completed, the new casino will feature more than 400 slots and 12 table games, a new restaurant, buffet, deli bar and lounge. The facility will also include a convention center and an attached 50-room hotel with an indoor pool.