Experts say tribe's Shelter Bay lease proposal unsustainable
May 3, 2017
Shelter Bay Community leaders gathered a panel of experts to give residents the lowdown on the “best and final” lease proposal from the Swinomish Indian Tribal Community.
In short, the tribe’s proposal which would include substantial rent increases, could make homeownership in Shelter Bay unaffordable, the experts indicated.
Shelter Bay consists of 870 residential lots developed on land that is held in trust by the United States for the Swinomish Indian Tribal Community and some individual tribal members. Back in 1968, the developer signed a 75-year lease with the tribe based on “raw land” val...
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