Casino developers work on Amsterdam proposal
ALBANY – Developers of a proposed casino in Montgomery County expect to have their plans ready by the end of June, they said Wednesday.
Representatives of Florida Acquisition Corp., which wants to build a casino on land in the town of Florida and city of Amsterdam, were among the casino developers at a meeting Wednesday in Albany with the New York State Gaming Commission.
Development groups looking to build a casino in upstate New York gathered for the mandatory meeting where state gambling regulators heard questions about the selection process.
The conference brought together lawyers, publicists, architects and others working for groups applying to build one of the four casinos authorized for the Catskills, the Albany-Saratoga area or the Southern Tier-Finger Lakes region. No more than two casinos may be located in any single region.
Wednesday’s gathering, the largest meeting of casino developers so far, gave the interested parties a chance to ask questions about the ethical, financial and procedural rules governing the casino license application process.
Clairvest Co-CEO Jeff Parr, attorney Stephen D. Schier and Bentley Associates Managing Director Peter Marcil were at the conference representing Florida Acquisition Corp.
Schier, the attorney representing the Montgomery County project, asked the commission when regulations governing the casino site would be made available. Parr said knowing the regulations would help the group develop the plans.
“Every jurisdiction has established rules and criteria and regulations, so we are hoping to review them to see if they are consistent or less onerous or more onerous than what we have seen in other jurisdictions,” Parr said.
Parr would not release details of the project, saying they are not finished.
Applicants must submit their plans by June 30, Lee Park, spokesman for the commission, said.
“There will be applicant presentations in July,” he said.
Parr said he was looking forward to the chance to develop the Florida site.
“It is a great palate of land,” Parr said.
Montgomery County has been working with Clairvest since February. The site, which was promoted by Mick Mullins of Mullins Realty, is a pair of properties off Route 30. The land totals about 512 acres – 341 acres in the city of Amsterdam and 171 in the town of Florida.
After applicants are provided with more information from the state in May, their applications will be due June 30. After applications are turned in and reviewed, the applicants will have to give oral presentations on the proposals July 21. In the early fall, the state will select casino sites.
Developers each submitted a $1 million fee.
According to Parr, the fee will be used to determine the eligibility of the developers.
The state commission will release answers to the developers’ questions Friday.