Business Edge Winter 2013

Page 1

W I N T E R

2 0 1 3

Three New Projects, Thousands of Jobs

By Jennifer Brylinski Executive Director Sullivan County IDA

ver the last year, the County of Sullivan Industrial Development Agency (IDA) has been actively involved with assisting three major tourism and development projects within Sullivan County, New York. These projects are the EPT Concord II project located in the Town of Thompson, the Veria Lifestyle project also located in the Town of Thompson, and the Vodas project located in the Town of Fallsburg. These three proposed projects have the potential to have a transformational impact on established patterns of employment, development, and investment in Sullivan County. Because of their size and scope, they will have the ability to act as a catalyst for the area by providing market-driven, modern day resort destinations while revitalizing the local economy. The impact will be substantial. The projects will attract residents and visitors to the area, which will

O

New York State Assemblywoman Aileen Gunther and New York State Senator John Bonacic are congratulated by New York State Governor Andrew Cuomo at a press conference held at Bethel Woods Center for the Arts following the passage of the Casino bill.

This aerial view of Kutsher’s Hotel shows where Veria Lifestyle plans on building an upscale holistic health and wellness center which will employ upwards of 330 people. translate into economic benefit not only from dollars spent, and property, hotel, gaming and sales tax revenue, but also by creating jobs. The three together propose well over 3,000 new full time equivalent jobs, not including construction, indirect, and induced jobs. An application was received by the IDA from EPT Concord II in February of 2013. EPT Concord proposes to develop a • world-class, four-season master planned destination resort community on approximately 1,583 acres of land located on portions of the site of the former Concord Hotel just north of Monticello. When complete, the project will include an 18-hole golf course, Casino Resort, harness horse racetrack, grandstand/showroom, simulcast facility, hotels, an RV Park, and an entertainment village with a mix of residential unit types and a civic center. Proposed to be developed over 10 years, Phase I is expected to generate an estimated 1,143 full time equivalent jobs, and at full build-out EPT Concord Resort estimates that it will create in excess of 2,600 full time equivalent jobs. Veria Lifestyle submitted an application to the IDA in October of 2013. Veria Lifestyle is proposing to build an upscale holistic health and wellness center based on Eastern natural medicine

continued on page 3

INSIDE: President’s Message page 2 Sullivan Regency is county’s newest project page 6 Sportsman Expo planned for March 22 page 9 Roscoe Beer continues to expand page 10 Catskill Distillery earns NYC honors page 11


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.