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Empire Resorts Inc. Message Board

  • beekkagfgooxxzaza beekkagfgooxxzaza Jun 15, 2013 12:00 PM Flag

    Grossingers / Foxwoods teaming up

    All over the local upstate NY papers....google ...Grossingers/Muss Development/Foxwoods. Muss Development which owns 500 acres Grossingers property has teamed up with Foxwoods Casino (Ct). to develop a resort/casino on the Grossingers 500 acre property.

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    • My bad.Gross haa been floAting around.should have said concord nevele/gross.2out of 4seem most likely with real longshot 3out of 5.cuomp wants casinps open 2 years i guess from next jan.Only saratoga and concord could meet that imo

    • Gov. Andrew Cuomo said there will four, not three initial casinos upstate.
      Bonacic and fellow Senate Republicans will keep pushing to have three of the four in the Catskills:
      1. Concord
      2.Nevele
      3.Grosssinger

      The 4th will be Saratoga Springs.

      Sentiment: Strong Buy

    • click on Muss Develoment LLC

      Sentiment: Strong Buy

    • Muss Development, the Queens-based developer, has partnered with Foxwoods Resort Casino to deliver a 500-acre resort-style casino to Liberty, N.Y., the companies said. This comes in the wake of Governor Andrew Cuomo introducing legislation to authorize three casino resorts upstate, including one in the Catskills.

      The project itself could cost between $300 million and $600 million. It would be located next to the former Grossinger’s Hotel. Muss had been in talks with potential casino operators to develop a resort at this site, as previously reported.

      The site could be ready for construction in months, pending state and local approvals.

      Several state legislature members have even proposed bringing more than one casino to the Catskills, according to the Foxwoods and Muss release, first reported by the New York Observer.

      “For the Catskills to realize all the economic benefits of a true gaming destination, more than one resort casino should be allowed to operate there,” the release said. “We will continue to work with the Governor’s office and members of the legislature to make it

      • 1 Reply to hairychessmen
      • "could be ready for construction in months pending local and state approvals"

        ya..the key words are "pending local and state approvals"

        look...I support the idea of clustering casinos and making a casino resort destination area. I think it's better for everyone.

        BUT....LOL good luck getting the SEQRA review completed in a few months. And under SEQRA, if there is even the slightest possibltiy of an adverse impact to the environemnt or the community, then the developers have to complete a Draft EIS, and then a Final EIS. Then there is also a public comment period.

        Muss and Foxwoods will also have to decide how to divide up the shared costs which will likely run at $10 million + (maybe less if the initial SEQRA review is suffucient. Any birds or beavers will be displaced? Any old underground tanks on the Grossingers site? Any nearby homeowners that will be affected? Traffic plan? Emergency services? You also dont't want to build a casino when you have a huge abandoned hotel rotting adjascent to your property....owned by no toehr than Louis Cappelli who also wants a license. You think he will be cooperative? Ya...LOL...a couple of months to begin construction....

        There is good reason why the Concord projet is a good 1-2 years ahead of any other proposed developments. Not at the least because Genting has more cash than Muss, Foxwoods, Mohegan Sun and Cappelli have in combined liquidation value of all their assets.

        On a side note...the fact that Saratoga is the sole developer that is interested in applyign for a casino in the Capital region is a god indication IMO of how this bill will shape up in terms of licenses alloted to the Catskills.

 
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