Mohegan Sun Catskills Project
New York developer Concord Associates and the Mohegan Tribal Gaming Authority in Connecticut have reportedly agreed to partner in a new venture to be built at the site of the former Concord Hotel in the Catskills Mountains.
The proposed $600 million project in Thompson, N.Y., would include a 75,000-square-foot casino with 2,100 video lottery terminals, a 258-room hotel, a harness-racing facility with grandstand, track and related paddock facilities, a simulcast site for pari-mutuel betting, meeting rooms, ballrooms, restaurants, retail outlets and entertainment space.
Mohegan Sun is considered a “small equity holder” in the project, according to Mitchell Etess, MTGA CEO. Details of the partnership agreement and how the funds will be raised will reportedly be announced at a later date.
The project is expected to break ground in June with a goal of opening the facility in 2013.
The Concord Hotel, once a popular resort stop in the 1950s and 60s, was torn down in 2008. Site preparation, foundations, environmental corrections and other prep work has reportedly been done at the property since Concord Associates took it over.