Victories Square represents the culmination of an eight-year effort to coalesce the Little Traverse Bay Bands of Odawa Indians’ (LTBB) and Odawa Economic Development Management Inc.’s (OEDMI) vision for the former Victories Casino property into reality. A mixed use, non-gaming modern redevelopment, Victories Square represents a different approach to large scale retail in northern Michigan: commercially viable non-gaming redevelopment on LTBB’s trust land.
Organized under the laws of LTBB, the first phase of the Victories Square redevelopment has succeeded in creating synergy with private developers by assigning value to and using the inherent nature of lands held in trust by the federal government for the benefit of LTBB as an opportunity rather than an impediment.
The result has yielded private investment in excess of $15 million and $21 million from the Indian Affairs Loan Guaranty Program: the largest ever single guaranty for non-gaming development in the lower 48 United States as of 2017. LTBB and OEDMI have long standing positive relationships with our community partners, we want what’s best for all of us within our region. And it is this philosophy along with our cultural belief that what happens today affects our next seven generations which helps provide guidance and direction for the OEDMI Board of Directors and leadership of Victories Square.
*The Little Traverse Bay Bands of Odawa Indians is a federally recognized Indian tribe. Odawa Economic Development Management, Inc. is an entity chartered by LTBB and wholly owned and operated by LTBB for purposes of non-gaming economic development for the benefit of LTBB. You can learn more about LTBB and its laws by visiting its website at www.ltbbodawa-nsn.gov.