Schenectady casino proposal plans made public - NEWS10 ABC: Albany, New York News, Weather, Sports

Schenectady casino proposal plans made public

Posted: Updated: May 20, 2014 02:38 PM
SCHENECTADY, N.Y. -- After months of speculation, the developers looking to put a casino in Schenectady are providing details to the public.

The Galesi Group joined with Rush Street to unveil plans for their proposed casino, Rivers Casino at Mohawk Harbor. It would be built on the former Alco site, much of which is now a brownfield that sits along the river.

The group already has plans to put residential and commercial space on the land. They have the rights to the land and say there’s a space for a casino. They point out that they partnered with Rush Street because the company already runs several successful casinos. Both companies estimate it would bring 1,000 construction jobs to the area. In addition to the gaming facilities, the property will include restaurants, a banquet facility, a hotel and attached parking garage.

"This is tying into the inner city, tying it to the urban core of creating a livable city again in Schenectady, so I think that separates the distinction between us and the other applicants," said David Buicko with the Galesi Group.

As outlined by New York State’s regulations, Rivers Casino at Mohawk Harbor will provide millions of dollars to the city and county of Schenectady, as well as surrounding Capital Region counties.

“When we visited Schenectady and its historic waterfront, we knew we had found a perfect location for our next casino,” said Rush Street Gaming Chairman Neil Bluhm. “A tremendous transformation is happening right now in Schenectady. Rivers Casino at Mohawk Harbor will greatly enhance the city’s reputation as a destination for entertainment, and boost the current positive momentum by creating new jobs and generating millions of dollars in tax revenue.”

Rush Street Gaming will also work with Schenectady County Community College SCCC to provide opportunities for students in upstate New York’s only casino and gaming management program, as well as SCCC’s renowned culinary and hospitality programs.

An
amendment passed in 2013 authorized the building of casinos in the Albany-Saratoga area, the Catskills, and the Southern Tier. This project will compete with at least two others in the Capital Region for a state gaming license, and part of the application relies on community input.

A decision on who will receive the casino licenses will be made in the fall.

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