Mike Mixer, a broker with Colliers International that oversaw the bankruptcy auction, said he viewed the Three Affiliated Tribes’ purchase as a “strategic acquisition” and noted the property has the most diverse zoning designation possible in Las Vegas, allowing for use as a casino, retail space or numerous other commercial opportunities.
The Three Affiliated Tribes already owns and operates a casino on Fort Berthold, the Four Bears Casino and Lodge, in North Dakota, which completed an extensive expansion in the last few years. “Nothing beyond that right now."įox called the prospect of constructing a tribally owned casino “a suggestion” and “a possibility” but added other ideas include transforming it into a pay-for-use parking lot. “ We’re still in that phase of trying to develop a concept of development for the acreage,” Fox said, adding the tribe is meeting with developers and discussing possible uses for the property. They found it in a bankruptcy auction that chopped up the large, vacant property. “We saw it as an opportunity to get land - prime real estate land - in Las Vegas for a good price, and that’s essentially why we went there,” Fox said, as reported by Brainerd Dispatch.įor the last year, the lot has gone largely unused, Fox said, with the notable exception of a recent 10-day lease for the set of American Ninja Warrior, an obstacle-based reality television show.
In the early months of the pandemic, the tribe was looking for somewhere to invest a cut of the nearly $1.7 billion in tax revenues they've collected from oil drilling on their reservation over the last decade and a half. The vacant property is located just off the south end of the Vegas strip, near the 43-story Mandalay Bay casino and just over a mile from the newly completed Allegiant Stadium, home to the Las Vegas Raiders NFL team. Tribal Chairman Mark Fox said they could use it to build anything from a tribally operated casino to a parking lot. He Three Affiliated Tribes, an oil-producing tribe in North Dakota comprised by The Mandan, Hidatsa and Arikara Nation, has recently acquired satellite property just off the central casino-lined corridor of Las Vegas on empty 8.7 acres for $12 million.
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