St. Lawrence County Legislators say E23 Casino Project in Albany could bring money to North Country
Tuesday, April 29, 2014 - 5:35 pm

By JIMMY LAWTON

CANTON – St. Lawrence County Legislators are supporting the proposed “E23 Casino Project” in Albany County, which they say would benefit Northern New York.

At a Monday night finance committee legislators voted to support the Albany casino because of a partnership between Flaum Management Inc., and the public benefit corporation Capital District Regional Off-Track Betting.

According to a press release issued by Flaum Management, E23 “will create 1,800 jobs permanent jobs and 1,500 construction jobs” in the Albany area.

Plans call for a 63,000 square foot casino, a 275-room resort style hotel and multiple room types including: luxury suites, family suites and standard rooms and a Parking Garage with more than 750 spots, and 975 surface spots.

According to the resolution, St. Lawrence County is a member of Capital District Regional Off-Track Betting Corp. and receives revenues from the corporation.

According to the resolution the E23 Casino project would generate revenue for the OTB corp., which would in turn provide funding to its members, including St. Lawrence County.

“Under the Capital District Regional Off-Track Betting Corporation E23 Casino Project, financial benefits would be provided to 19 upstate New York counties and two cities, which is 12 more than municipalities would receive financial benefit from the Capital Region casino,” the resolution says. “There would be no other way for these additional counties to receive any financial benefit from the building of a casino in the Capital District Region.”

Legislators passed the resolution supporting the Albany casino “in recognition of the potential economic benefits” for St. Lawrence and other upstate counties.

To find out more about the E23 Casino project visit http://www.projecte23.com/category/news/