Published:
August 13, 2009 03:34 pm EDT
According to a report on recordonline.com, a tax incentive package has been signed by New York governor David Paterson which could get the stalled $600 million Concord Resort expansion back on the rails.
The article states that the Concord will reap 75 per cent of the revenues from the VLTs at a future racino, in return for creating at least 1,000 jobs initially, and investing $600 million.
The original deal -- crafted prior to the economic downturn -- called for an investment of $1 billion and the creation of 2,200 jobs.
The location would be the home of the new Monticello Raceway.
Click here to the read the recordonline.com article in its entirety.
(With files from the recordonline.com)