Schenectady Endorses Casino Proposal in Nyc State

Schenectady Endorses Casino Proposal in Nyc State

The town of Schenectady, New York has approved a casino proposal regarding the Mohawk River. (Image: John Carl D’Annibale, Times Union)

There’s still a long way to get before anyone develops A new York casino, and there are many competitors still trying to grab one of four upstate licenses. But one project has earned a major approval that will move it at least one space further down the long way to success.

David Buicko as well as the Galesi Group obtained an endorsement from the Schenectady City Council for their proposed casino as a right component of the Mohawk Harbor task. That neighborhood approval that is governmental essential for the developer become considered for a license from the state.

Casino Only Part of Development Plan

The Galesi-backed project wouldn’t be just a casino, but a complete redevelopment of the mile-long stretch of land over the Mohawk River. That area was once home to factories belonging to American Locomotive, and is developed to consist of residential and retail areas, along having a new harbor.

But there is also a casino within the plan. Buicko has partnered with Chicago firm Rush Street Gaming to add a gambling hall to their proposal, and hopes that the overall development package enables them to make a casino license.

‘we have been speaking about a $450 million investment in the town of Schenectady,’ said councilman John Mootooveren. ‘ We have to take the risks in Schenectady at this (more…)