The Fee Hand of the Market 0
Out on the Left Coast, some Native American folks want to build a new casino.
Others claim that it will ruin their (no doubt gated) communities.
Who’s behind the opposition?
Why, natch, it’s not the neighbors. It’s an astro-turf campaign.
It’s the other casino (in concert with the world’s biggest casino, the one in Lower Manhattan).
Dan Morain reports:
Brigade Capital Management, a secretive investment house, dumped $261,100 into the campaign to qualify the referendum earlier this month. Two other New York investment firms chipped in $89,000. Table Mountain casino, a 30-minute drive from Madera, gave $350,000, the start of a campaign that will cost millions.
This sounds like classic Abramoff.
