FLAGSTAFF, Ariz. — An arbitrator has awarded a Las Vegas developer about $28 million in a contract dispute over the Grand Canyon Skywalk, but the tribe that owns the popular tourist attraction in western Arizona contends that the judgment isn't enforceable.
David Jin invested $30 million to build the glass bridge on the Hualapai reservation that gives visitors a view of the Colorado River below. He and the Hualapai Tribe have been locked in a contract dispute for more than a year that has led the tribe to sever Jin's interest in the Skywalk and Jin to pursue legal remedies for alleged constitutional rights violations.
Jin claimed a victory this month when the American Arbitration Association determined that he's owed about $28.5 million, mostly in management fees that he was to receive under contract with the tribe. A federal court ultimately will decide whether Jin is entitled to the money.
Dave Cieslak, a spokesman for the tribe, would not disclose how much revenue the Skywalk generates each year.
- Utah's largest oil producer lays off 80...
- Failed resort embittered friends, Marc Jenson...
- 5 reasons your most talented employees will...
- Profiting as a Super Bowl host city...
- Balloon crew surpasses distance record in...
- Markets brace for Big Oil profit plunge
- How can Google snap its stock out of its stupor?
- US economy slows to 2.6 percent growth in...
- Business community supports tax... 22
- Utah's largest oil producer lays off 80... 13
- McDonald's CEO steps down as sales decline 7
- After setting iPhone record, what does... 5
- Greek radical left wins election,... 3
- US consumer confidence jumps to 7... 3
- US economy slows to 2.6 percent growth... 3
- Knocking doors: What to know before... 3