Regional Center Seeks To Collect Debt From Investors Of Development Company

The regional center SDIF loaned $32.5 million to Tentextkota for the development of the Deadwood Mountain Grand casino. The loan agreements signed by Tentexkota investors included a personal guarantee — even though the articles of the organization don’t allow for personal liability of debt. As Tentexkota could not repay the debt, the EB5 regional center is asking the South Dakota Supreme Court to determine if they can collect from eight Tentexkota investors.Read the AberdeenNews.com story