As reported by the Biloxi Sun Herald: “According to the project manager for
the redevelopment of the Broadwater Hotel site, Foxwoods Development Co. has
not pulled out of its deal to build a casino there. “Mark Calvert, of
investment banking firm Cascade Capital, said Foxwoods’ 60-day exclusive
window to conduct due diligence ran out within the last 10 days. Foxwoods is
looking at an approximately 16-acre site on the 261-acre property being
developed by W.C. ‘Cotton’ Fore and Roy Anderson III. “.An official at
Foxwoods declined to comment, referring questions to the tribe’s
public-relations office in Connecticut. Phones messages left there were not
returned Wednesday afternoon. “The tribe had previously touted a plan to
invest $400 million or more in Biloxi. “.Officials had said the casino here
would operate like non-Indian casinos in Mississippi, paying the same taxes
and being subject to the same rules and regulations.”