Developer sets Nevele casino odds at 50 percent
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ULSTER COUNTY, N.Y. – Nevele developers met with hundreds of local business leaders to lay out their casino plans and explain how businesses could help make the family resort with gaming a reality.
Developers set the odds for casino approval at 50 percent, but said they were willing to gamble. In order to allow Vegas-style gaming, the state legislature must approve a constitutional amendment next year, followed by a statewide referendum, likely in November of 2013. By that time, Nevele investors will have spent $5 million in closing costs, upkeep, and lobbying expenses.
If approved, the Nevele is expected to employ a thousand workers and indirectly create two thousand jobs.
"The only thing that changes is more businesses seem to be closing and people just aren't making it because they’re just not enough people, not enough economy in the area to support things," said Dean Perry, White Wolf Restaurant Manager.
"I need people's help and when they appreciate the fact that it's not a sure thing, well that empowers them to make a difference and make it happen right it gets them to make that phone call right that letter, do what they think they can do," said Michael Treanor, Managing Director of Nevele Investments LLC.
Over the next two months, developers will conduct economic impact studies, and garner Ulster legislature support for a county wide resolution.