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What you need to know for 04/28/2017

Schenectady County Legislature to pass resolution in favor of casino plan

Schenectady County Legislature to pass resolution in favor of casino plan

The Schenectady County Legislature is expected to pass a resolution of support tonight for the casin

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The Schenectady County Legislature is expected to pass a resolution of support tonight for the casino proposed in the city of Schenectady.

When it meets at 7 p.m., the Legislature will also vote on a resolution to put its share of the casino's gambling revenue -- projected at $5.7 million each for the county and the city -- toward property tax relief.

The projected revenue could mean an about 8 percent reduction in county real estate taxes, according to the county.

The county vote follows Monday's 5-2 vote by the Schenectady City Council to support the casino proposed by Rotterdam-based developer Galesi Group and Rush Street Gaming of Chicago. That vote followed three hours of public comment from residents for and against the casino. The council also voted unanimously to use its share of the gambling revenue for property tax relief.

The casino, proposed for the former American Locomotive Co. site along the Mohawk River, would bring a promised 1,200 permanent jobs to the city. Called Rivers Casino & Resort at Mohawk Harbor, the casino would be 50,000 square feet and feature 66 table games and between 1,000 and 1,150 slot machines. It would cost an estimated $300 million to build.

East Greenbush, Rensselaer, Amsterdam and Cobleskill are also vying for a casino license in the Capital Region, and applications are due by the end of the month.

The resolutions of support will factor into the state Siting Board's decision on where to locate a casino.

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