According to a report, prospective racino developer Louis Cappelli has asked the New York State Legislature for a $12 million marketing allowance
An article on midhudsonnews.com explains that after having had a failed partnership with Empire Resorts, Cappelli has joined forces with the Mohegan Tribal Gaming Authority to erect a racino at the location of the former Concord Hotel.
“The Cappelli group is looking for an eight per cent marketing allowance because when they were partnered with Empire, they were going to use Empire’s marketing allowance, and now they are two separate entities,” a skeptical Assemblyman Gary Pretlow has been quoted as saying. “In order for the project to come to fruition, they think that they also need a marketing allowance in addition to the other perks that were built into the legislation.”
(With files from midhudsonnews.com)