Will Etess Make Concord Deal Happen?
Louis Cappelli's numerous failed attempts to restart his long-stalled Concord Resort-Casino possibly could bear fruit with the involvement of Mitchell Grossinger Etess and the casino brand Etess over-sees, Mohegan Sun.
Etess as CEO of the Mohegan Tribal Gaming Authority certainly adds credibility and stability and Mohegan does indeed bring a proven record of investment, development and operation of highly successful gaming and racing facilities in Pennsylvania and Connecticut to a Concord Resort redevelopment.
Liberty native Mitchell Grossinger Etess grew up at the famous former Grossinger's Hotel, the son of Elaine Grossinger Etess, popular well known Liberty resident who also served at one time as President of the Liberty School board.
A revived Concord Resort-Casino would be a big boost to tourism, job creation and tax revenue for both the state and County of Sullivan.
The only negative factor so far to this project is that it will create direct competition with the Monticello Raceway and Casino and with their plans for expansion. A perfect marriage here would be the two groups working together for one big project.
The proposed Concord project calls for a 75,000-square-foot casino with 2,100 video lottery terminals, up to 450 electronic table games, a 5/8-mile harness racetrack with simulcasting and in the Phase 1 the $600 million project calls for a 258-room hotel, 10,000 square feet of ballrooms and meeting space, five restaurants and retail outlets.
There are definite roadblocks that will be thrown in the path of this project but this endeavor with the support and backing of Etess and the Mohegan Tribal Gaming Association could become a reality.
Don't place your bets yet........the roulette wheel is still spinning.
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