.
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Politics

Deadwood Mountain Grand Announces EB-5 Settlement

dmgsummer.jpg

Deadwood Mountain Grand officials say a settlement was reached last week with investors from the EB-5 program.

According to a press release, the settlement will usher in a new era of leadership for the venue. The release says Dale Morris—long time investor and Nashville music industry insider—funded the settlement that brought an end to litigation.

Lawyers were able to resolve a $32.5 million outstanding debt, plus interest. The release did not detail the Morris-funded settlement.

It goes on to say the resolution will create a positive future for Deadwood Mountain Grand.