The Lac du Flambeau Band of Lake Superior Chippewa Indians, through its business arm, the Lac du Flambeau Business Development Corporation (LDFBDC), has recently expanded its portfolio with the acquisition of a former Burger King site located on U.S. Highway 51 north in Minocqua.
The LDFBDC, which currently encompasses a diverse range of businesses including LDF Holdings, Ojibwe Market, and Woodland Cannabis LLC, among others, has taken a significant step in its growth strategy with this purchase.
The transaction was facilitated by Capital Minocqua, which finalized the land contract on December 13, as confirmed by Sara Chiamulera, the director of the Oneida County land information office. Chiamulera noted that the property exchanged hands for approximately $1.4 million, with a transfer fee of $4,200.
Future of Minocqua Burger King
The LDFBDC has a clear vision for its business ventures, aiming to create sustainable career opportunities that align with the cultural values and objectives of the Lac du Flambeau Tribal community. This vision is further detailed on the corporation’s website, which also highlights the mission to diversify the Tribe’s revenue streams beyond gaming and foster job creation for its members.
Zachary Allen, the marketing manager for the LDFBDC, conveyed the organization’s enthusiasm for the new acquisition in a conversation with The Lakeland Times. While specific plans for the site are still under wraps, Allen emphasized the strategic nature of the purchase. He hinted that the property is expected to bolster the LDFBDC’s existing business operations and ultimately contribute to job creation and economic vitality in the region.
As the LDFBDC forges ahead with this new venture, further details on the development and utilization of the property will be forthcoming, with updates to be provided to The Lakeland Times in due course.