Wednesday, April 23, 2014

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CNY

Popular resort pushing to become Southern Tier's first casino

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CNY/NNY/S. Tier: Popular resort pushing to become Southern Tier's first casino
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With voters approving Proposition One on Election Day, bids to land a casino are popping up across the state. The latest, a resort in Broome County, which hopes to make the area a destination by adding gaming. YNN's Chris Whalen tells us about plans to build a casino in the Town of Union.

BROOME COUNTY, N.Y. -- There was plenty of speculation after Traditions at the Glen said they'd make a 'major economic announcement.' Thursday, the resort confirmed what many had anticipated.

The $150 million expansion includes 1,200 slot machines and 50 table games, increased hotel space and parking, as well as a concert venue near the golf course.

Traditions promises more than 1,100 jobs. A firm that conducted a feasibility study estimates more than $115 million in annual revenue.

"It's a good fit for this community. I think it's something that will bring people from other communities, from the city, from the surrounding area, which is the kind of dollars you want coming in to your community," said Michael Soll.

Just 30 miles west of Traditions, Tioga Downs also plans to expand its racino into a full-blown casino. Only four licenses will be granted upstate and Traditions believes it has a leg up on the competition.

"A casino license, a Class 3 license, would actually benefit the communities, as well as the state, going in Broome County. It's a much bigger population. We're not looking to put Tioga Downs, the racino, out of business at all," said Traditions owner Bill Walsh.

If the license application is approved, the two phase project could begin as early as this summer. If Traditions' proposal isn't accepted, there are still plans to expand.

"The entertainment venue certainly can happen. We can show we have the location to do that. We have enough property, we're in the right location, we have the grounds that can make it happen," Walsh said.

But whether or not the entire plan comes to fruition is a gamble Traditions is willing to take.

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