Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Cherokee pays off millions of debt

 


A massive load of debt left the shoulders of the Eastern Band of Cherokee Indians last week following enactment of legislation to pay off $96 million in loans accrued for the new Cherokee Indian Hospital and the tribe’s wastewater treatment plant.

“It’s a pretty exciting time,” said Principal Chief Patrick Lambert, who introduced the legislation. “It’s something that I always wanted to try to get accomplished on behalf of the tribe and I knew coming into office that would be one of my top priorities.”

http://www.smokymountainnews.com/news/item/17662-cherokee-pays-off-millions-of-debt

 

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