By Shawn Logan
The Eagle
The Stoney First Nation has set its sights on opening a multi-million dollar hotel and casino west of Cochrane by 2006 although band politics appears to have slowed the process.
The estimated $25-million project calls for a 92-room hotel and a casino that will house 300 slot machines and around 15 gaming tables. To be phased in, it will eventually occupy 360 acres on the southeast corner of the Trans-Canada Highway and Highway 40.
The project is in the fifth step of an eight-step process outlined by the Alberta Liquor and Gaming Commission (ALGC), which will ultimately decide whether to approve the facility.
Poul Mark, an Edmonton-based consultant for the Stoneys, said while a detailed business plan has been submitted to the ALGC, progress has been slowed on the nation’s end as its three bands — Bearspaw, Chiniki and Wesley — struggle over internal issues on how to share the facility.
“There’s been some internal issues with respect to coming up with a land management process,” Mark said. “Internal politics are slowing things down.”
Trez McCaskill, chief operating officer of the Stoney Nation, acknowledged there are “a few things to work on in-house,” but he is confident the project will move forward as planned.
“We’re just waiting for the decision on our application,” he said. “We would think it’s almost fait accompli.”
Mark said he expects the province will make a decision soon on the application to move into the final steps. Since there are no competing casino bids in the area, the process will move forward to step seven, a review of the primary stakeholders — the three chiefs of the Stoney Nation.
“They have to be investigated by the provincial government to ensure there are no skeletons in the closet,” Mark said. “Any criminal activities, especially in the area of financial matters, and they could deny your licensing.”
He said financial dealings dating back a decade will be examined by the ALGC before the casino is given final approval.
Following an approval, Mark said and environmental assessment would have to be conducted and okayed by the federal government because the location is on a reserve.
“If everything went absolutely perfectly smooth, we could be ready to start building in the spring,” Mark said.
The nine- to 10-month building process could see the hotel and casino open its doors likely in the summer of 2006 under the best case scenario.
“The challenge is going to be getting things organized at the band level and to get something that works for everybody,” Mark said.
McCaskill said the nation believes the casino will be a “destination” facility, drawing customers from all over.
The facility would be built in various stages and in the future include expansion of both the casino and hotel and the inclusion of commercial and retail outlets.
“We’ve got a phased kind of business plan where we’re trying to develop the whole area as an economic business development,” McCaskill said, adding all three bands would have sections to develop on their own. Another area would be set aside for “tribal development.”
The site has already attracted interest from prospective retailers, McCaskill said.
Revenue from a casino is split between the owner and the province.
Both the casino operator and a charity hosting an event receive 15 per cent of revenues. Of the remaining 70 per cent taken by the province, 30 per cent goes to traditional lottery fund areas and 40 per cent is designated for the “First Nations Development Fund”, which allocates funds to various programs in Alberta first nations.