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What you need to know for 01/17/2018

Saratoga racino owners to propose East Greenbush casino complex

Saratoga racino owners to propose East Greenbush casino complex

The owners of Saratoga Raceway and Casino will propose a $300 million complex in East Greenbush in a

Operators of the Saratoga Casino and Raceway rolled out a $300 million plan to build a massive 100,000-square-foot casino in East Greenbush “offering seamless access” from Interstate 90.

Located on vacant property off Thompson Hill, the project includes a 300-room hotel, several restaurants, two parking garages, “multiple entertainment venues” and 20,000-square-feet of retail. The operators are proposing to create 1,700 construction jobs and 1,700 “good paying jobs with benefits,” according to a release from the racino today.

The project offers to lure gamblers from around the Capital Region and abroad, preventing them from crossing into Massachusetts to game at a proposed casino in Springfield about 80 miles east of the site. The racino operators estimate the project will generate $35.5 million annually for the Capital Region and an additional $11.4 million for East Greenbush.

"The casino at East Greenbush is an absolute game changer for the Capital Region's economy and will become one of New York's premier destination spots for years to come," said Rita Cox, a spokeswoman for the racino.

The project was unveiled to a select group of casino supporters and workers at the racino in Saratoga Springs late Monday afternoon. The operators announced their intentions to abandon a bid to secure a gaming license for the facility in Saratoga Springs earlier in the day, after months of speculation over their plans for the racino.

The plan for East Greenbush seems tailored to the request for applications released late last month by the state Gaming Commission. Many of the required elements included in the RFA were touched upon in brief outline of the project publicly released today.

"We have a team in place that has deep roots and the most experience in the Capital Region. And this project is situated on the best site to showcase the natural beauty and history of the Hudson River and Albany skyline."

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