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hrmjustin

(71,265 posts)
Tue May 13, 2014, 11:02 AM May 2014

Casino panel sets price tag

James M. Odato

Albany

New York's Gaming Commission on Monday set the minimum expenditure for building casino resorts at $135 million in the Capital Region — a price tag that does not appear to be chasing away prospective bidders.

Indeed, minimum capital investment levels in the three zones where up to four casinos could be authorized came in lower than some bidding groups feared.

"They are reasonable," said James Featherstonhaugh, leader of Saratoga Harness Racing Inc. His group, which already operates a video gambling parlor at Saratoga Casino and Raceway, hopes to build larger casinos in two of the three zones.

His partnership wants a license for East Greenbush in Rensselaer County for a project he values at $350 million, and for Newburgh in Orange County for a $670 million development.

http://www.timesunion.com/local/article/Casino-panel-sets-price-tag-5472789.php

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Casino panel sets price tag (Original Post) hrmjustin May 2014 OP
Saratoga Raceway, Churchill Downs team up for casino proposal hrmjustin May 2014 #1
Joint venture on East Greenbush casino proposal includes Churchill Downs hrmjustin May 2014 #2
Judge dismisses suit related to Tyre casino hrmjustin May 2014 #3
Binghamton takes new approach to street repair hrmjustin May 2014 #4
Ulster County Legislature s attorney says predecessor bad-mouthing Nevele casino plan hrmjustin May 2014 #5
Grafton Town Board supports East Greenbush casino hrmjustin May 2014 #6
Support for JC casino project sought from job-seekers hrmjustin May 2014 #7
State starts racino review hrmjustin May 2014 #8
Meeting Monday on East Greenbush casino proposal hrmjustin May 2014 #9
Though no guarantee, Wilmorite begins hiring for casino project hrmjustin May 2014 #10
Senecas abandon plans for Monroe County casino hrmjustin May 2014 #11
State clarifies casino 'clock' hrmjustin May 2014 #12
Capital Region casino interests court Washington County board hrmjustin May 2014 #13
No decision made on casino measures hrmjustin May 2014 #14
Comments about Ulster casino draw ire hrmjustin May 2014 #15
Casino pitched as a 'game-changer' hrmjustin May 2014 #16
Galesi to detail Schenectady casino plans Tuesday hrmjustin May 2014 #17
Saratoga Casino and Raceway, Churchill Downs to host meeting about proposed East Greenbush casino hrmjustin May 2014 #18
Two developers pull out of casino hunt hrmjustin May 2014 #19
Galesi to detail Schenectady casino plans Tuesday hrmjustin May 2014 #20
Tribe joins Exit 23 project hrmjustin May 2014 #21
Bill clears a Senate hurdle hrmjustin May 2014 #22
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