Gov. Cuomo proposes casinos as source of economic development - NEWS10 ABC: Albany, New York News, Weather, Sports

Gov. Cuomo proposes casinos as source of economic development

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ALBANY, N.Y. - Governor Andrew Cuomo made economic development a big focus of his state of the state address.

In that plan he included a proposal to put up to three casinos in upstate New York as a means to attract tourism and revive the economy. The governor wasted no time elaborating on how that would work this afternoon.

"No casino in New York City. Casino upstate and try to attract people upstate, attract the 8 million people for NYC, the 50 million tourists from NYC per year. Get them to go upstate and use the casino slash resort destination as the magnet to bring people up," he said.

Cuomo admits there's still a lot to be worked out, declining to specify where exactly upstate New York begins or the best place for them.

"Let the market and let the experts tell us where the optimum location is to site a casino to maximize revenue," he said.

As for where that revenue would go, Cuomo says it would be split: 90 percent for education and 10 percent for local property tax relief. The residents in the areas where the changes are proposed would have a chance to weigh in.

"A factor would be counties that wanted it versus a county that didn't want it. Local communities that support it, versus local communities that don't support it," said Cuomo.

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