A reader mentioned last week that Delaware North was to make a presentation before Community Board 10 in Ozone Park regarding their plans for the mythical Aqueduct racino. On Wednesday, the local Queens Courier reported on the meeting (h/t Albany Law School Racing and Gaming Today), at which representatives from the company said that they could possibly have the South Ozone Park entertainment destination opening its doors in mid-2010.
(If this place is open by mid-2010, say, July 1, I'll skip Belmont that day and instead go play slots for
two one hour s in an Islanders t-shirt [supplied by reader jk].)
The hybrid racetrack-casino - or racino - will feature a 185,000-square-foot-gaming floor, complete with 4,500 video lottery terminals.The $250 million construction cost is to be raised via a bond issue; not a really great time for that, of course. And while the article also refers to the "$370 million racetrack project," we know that's just for the rights to build the place. Let's just say that they better already have the cash or financing in place.
Sultemeier also cited 7,600 parking spaces, including a 2,000-space parking garage, world-class restaurants and food amenities, including a 600-seat buffet, an Italian restaurant and a noodle bar, all ready for opening day.
The first phase of the project is expected to cost $250 million at the start of construction. Another $170 million dollars will be dedicated to maintaining the facility through Delaware North’s 30-year contract with the state.
Delaware North representatives also have plans to construct a 300-room resort hotel and spa, a retail mall, a 3,000-seat events center, and a 60,000-square-foot conference facility in the latter phases of the project. [Queens Courier]