Governor David Paterson Tuesday signed the Concord development bill paving the way for the $1 billion project to move forward, MidHudsonNews reports.
The plan is for Louis Cappelli’s Concord Associates and Empire Resorts to build a new gaming resort with a hotel, conference center, racino and Monticello Raceway. The racetrack and video slot machine operation will be relocated from their current location in Monticello to the site of the former Concord Hotel in Kiamesha Lake.
The project is expected to bring with it 2,000 permanent jobs and an increase in the current contribution to state education.
Senator John Bonacic, who sponsored the legislation in the Senate, said with 14 percent of Sullivan County’s population at or below the poverty level, this project will serve as a major economic boost for the region. “The people of the county need permanent jobs, a substantial increase in education funding, and dollars invested into the regional economy.”
Construction is expected to begin in the weeks ahead with the first phase to be completed in two years.
Demolition has been underway for weeks to remove the old Concord building.
(Source: MidHudsonNews)
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3 Responses
Paterson or no Paterson, the RBS’O firt der velt. Klal Yisroel AND all decent human beings do not need the calamitous affliction of gambling, and all the ills it brings to the area, in our midst.
Gambling has B’H been thwarted till now, and IY’H will continue to be thwarted. The Federal government denied the Indian casinos from building in the area, which has precedence over any State actions.
Finally, a decent hotel in the mountains. There hasn’t been one since Grossinger’s,
Let’s hopethat our people stay away when it’s finished and stay out of the business part,too.