Albany casino proposed
James M. Odato
Albany
An unusual partnership of Capital District OTB and a Rochester developer is proposing a casino development at Exit 23 of the Thruway at the compound of secluded homes where the prominent Noonan family lives on the outskirts of Albany.
Asked repeatedly about the project, the developer, David Flaum, issued a statement late Thursday indicating that he and Capital OTB have put together a plan that could give Albany County millions of dollars in revenue, $10 million alone for the city. Flaum said he is planning to make a presentation to the Albany Common Council at noon on Friday.
"We are excited to have the opportunity to make our one-of-a-kind presentation ... to the Common Council," he said. "Our $300 million 'E23' plan will create 1,800 permanent jobs, 1,500 construction jobs and provide millions in revenue for many upstate communities that need it. Our plan fits seamlessly with all the inherent beauty and history of Albany."
"E23" stands for Exit 23 and property owned by the Noonan family, a person familiar with the plan said. Flaum said his location in the city will cause "a windfall of revenue" for city and county coffers if his project is built.
http://www.timesunion.com/local/article/Albany-casino-proposed-5336604.php
