Advertisement
 
Thursday, May 26, 2016
Amsterdam, NY ,

 

Advertisement

Casino developers moving forward with application

Saturday, June 21, 2014 - Updated: 10:18 PM

By NICOLE ANTONUCCI

The casino developers of the Thruway Exit 27 proposal announced today they will be submitting an application for a gaming license on June 30. 

"After speaking with local officials and receiving words of encouragement from people in the local community, we have decided to move ahead with the application process," Clairvest Group Inc. Investment Advisor Peter Marcil said.

The decision follows a day after the state Gaming Facility Location Board had denied a request to modify the application process.

Clairvest Group Inc. representatives originally said this week their plan would not move forward without a 60-day deadline extension, as well as a $25 million deferment to the $50 million licensing fee. 

Following the state's decision Friday, the developer was unsure whether they were going to proceed. However, Marcil said Clairvest Group CEO  Jeffrey Parr decided to move forward after all.

Montgomery County Matthew Ossenfort said he was glad that the developer has decided to move forward.

"After pleading our case about the need in the community, I am very excited that we are still in the game," Ossenfort said. "We are going to do everything we can as a county to assist them and try to make this happen."

Clairvest Group Inc. is among 19 entities vying for one of four gaming licenses in the Capital, Catskills and East Southern Tier Regions. 

The development team is proposing to develop a 512-acre property straddling the border between the town of Florida and the city of Amsterdam with a $250 million project. It will consist of a casino, hotel, spa, two golf courses, 300 residential units and potential commercial development, which will be done in three phases over two years.

     

Comments made about this article - 0 Total

Comment on this article

Advertisement
Subscribe to The Recorder

 

The Recorder Sports Schedule

Most Popular

    Area high school sports calendar
    Wednesday, May 25, 2016

    GASD board approves veterans tax exemption
    Friday, May 20, 2016

    Janet Louise Tesiero
    Saturday, May 21, 2016

    Aldermen eye cutting city's funds for library
    Saturday, May 21, 2016

    A job well done: 474 graduate from F-MCC during Friday's commencement
    Saturday, May 21, 2016

    Drinking water may remain off for year at three schools
    Friday, May 20, 2016

    Alan Young, star of 1960s sitcom 'Mr. Ed,' dies at 96
    Monday, May 23, 2016

    Jane Potts
    Saturday, May 21, 2016

    Cheryl Reese recognized as 30-year employee for county
    Wednesday, May 25, 2016

    Council to ID skills community colleges need to emphasize
    Tuesday, May 24, 2016

Advertisement

Copyright © McClary Media, Inc.

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook