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NYNY News
8:16AM Empire Resorts and Concord Associates announce New York State Legislature approves development of $1 bln new Concord Resort Destination (NYNY) 3.28 : The co and Concord Associates announced that the New York State Legislature has approved Governor David Paterson's program bill granting an enhanced revenue structure to cover expenditures, which will make possible a $1 bln dollar world-class gaming resort destination at the site of the historic Concord Hotel in Sullivan County, N.Y. The project is scheduled to open in 24 months. Demolition of the existing structures will be completed in July, when new construction is slated to begin.