FOR IMMEDIATE RELEASE

 

CONTACT:    Steve Tripp

                        (602) 307-9504

 

TRIBE ACQUIRES QUARTER CIRCLE J RANCH;

PLANS TO CONTINUE CURRENT LAND USAGE

 

PRESCOTT, Ariz. (August 12, 2002) -- The Yavapai-Prescott Indian Tribe has significantly added to its portfolio of holdings with the acquisition of the 1,245-acre Quarter Circle J Ranch, located 18 miles southwest of Prescott in Skull Valley. This acquisition was completed July 10, 2002.

In conjunction with to the 1,245-acre purchase, the Tribe has also leased an additional 2,272 acres adjacent to the ranch from the Bureau of Land Management and the State of Arizona. Included in the purchase are two homes and a small airstrip. The Skull Valley fire station is also located on the parcel.

"Our board of directors initiated this land acquisition to provide our members with revenue-generating opportunities for the near future, as well as for generations to come," said President Ernie Jones, Sr. in announcing the transaction.

At this time, says Jones, the Tribe's Real Estate Department is conducting studies to determine the best long-range use for the acreage and predicts no significant usage changes. In the immediate future, the Tribe plans to generate revenue through existing sand and gravel leases and cattle grazing opportunities.

Located adjacent to the central Arizona community of Prescott, approximately one hour north of Phoenix, the Yavapai Prescott Indian Tribe consists of 160 members and occupies a reservation of less than 1,500 acres. Tribal enterprises, including a business park, shopping center and two casinos, provide more than 2,500 jobs for the local economy.

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