Muckleshoot Tribe Completes Purchase of Emerald Land
Updated: Monday, January 13, 2003 8:51 AM
Posted: Monday, January 13, 2003 8:34 AM
The Muckleshoot Indian Tribe completed purchase of the158 acres on which Emerald Downs racetrack sits, according to the Seattle Daily Journal
. The tribe paid $73.6 million in the deal which closed Jan. 10, according to land records in King County, Wash. The land is located in the town of Auburn.
Officials at Emerald Downs didn't learn of the sale until early December, when the purchase was already under contract. Northwest Racing Associates operates Emerald Downs and has a lease on the land through 2010, with further options to renew. When the deal was struck a spokesman for the tribe said there were no plans to try and alter any operations on the property. The tribe operates one of the area's largest casinos about six miles away from Emerald Downs.
Members of the Segale family previously owned the property in the name La Terra Limited Partnership.
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