As part of this new agreement, Empire City Casino, the largest employer in the City of Yonkers, with nearly 1,200 employees, will invest in a new expansion project that will create nearly 200 construction jobs and approximately 100 permanent jobs upon completion in early 2012. Empire City Casino at Yonkers Raceway will not be receiving any tax cuts as a result of the agreement.
“Empire City Casino at Yonkers Raceway continues to invest in Yonkers. As the city’s largest employer, we understand the need for economic development and are committed to making the investments necessary to ensure viability and job growth. The continued support of Mayor Amicone and the IDA will ensure that remains possible,” said Empire City’s General Counsel, Tim Rooney, Jr.
Expected to begin in the next few weeks, the expansion project, approved by the New York State Lottery and the New York State Racing and Wagering Board in 2006, will provide the Empire City Casino with 30,000 square feet of gaming space, 20,000 square feet of food and beverage facility space, 6,000 square feet for a new casino entrance, and 10,000 square feet of office and administrative facilities. The new space will also allow Empire City to reconfigure its current gaming floor, relocate 350 of its existing 5,310 video lottery terminals (VLTs) and bring 400 new electronic table gaming seats.
The continuing partnership between Empire City, Mayor Amicone and Yonkers IDA has created hundreds of construction jobs and permanent jobs and generated millions of dollars in funding for the City of Yonkers. Since 2006, Empire City has contributed over $1 Billion to the State’s education system, and approximately $105 Million in revenue to the City of Yonkers.
“Making smart economic investments that help Yonkers’ businesses compete and thrive is part of the basic mission of the Yonkers IDA. Our goal is to put together a responsible incentive deal that allows Empire City Casino to continue to thrive while protecting and expanding the economic benefits this city already gets from the facility,” said Ellen Lynch, president and CEO of the Yonkers IDA.