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Against the odds, Amsterdam submits bid for casino

Updated: Tuesday, July 1 2014, 06:23 PM EDT
AMSTERDAM -- Five capital region casinos are one step closer to reality, making the cut by submitting applications to the New York State Gaming Commission.

That includes a proposal for a casino near Amsterdam, which developers pushed through against all odds.

In Montgomery county, it seems lady luck struck late in the game.

“I knew we were asking for a lot in the 11th hour,” explained Montgomery County Executive Matt Ossenfort.

County leaders anxiously awaited a decision from Toronto-based company Clairvest Group, Inc.

The company proposed a $250 million casino complex near Exit 27 on the Thruway.

Recently, developers pressed the state for more time and wanted leaders to cut a $50 million licensing fee in half.

The state refused, but this week, the casino made the cut.

How did this happen?
 
"Really, it was the enthusiasm I think they got from the community,” Ossenfort said.

“Because we asked for those concessions, and then we did those two public hearings. There really wasn't anyone that voiced opposition to it, and they found that very encouraging."

The Amsterdam project joins proposals in East Greenbush, Howe's Caverns, Schenectady, and Rensselaer.

A decision will likely take months.
Against the odds, Amsterdam submits bid for casino


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