Westchester County Business Journal: 102119

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PRINT JOURNALISM: BECAUSE IT STILL MATTERS. OCTOBER 21, 2019 VOL. 55, No. 42

westfaironline.com

Empire City Casino in Yonkers.

Entertainment key at Empire City

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TURCO’S SOLD

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MICHELIN TO FEATURE WESTCHESTER

BYPASSING WESTCHESTER LONG ISLAND DEVELOPER IDENTIFIES OPPORTUNITIES IN THE HUDSON VALLEY BY PETER KATZ

MGM CEO SAYS SPORTS BETTING NEEDED IN YONKERS BY PETER KATZ pkatz@westfairinc.com

“Y

ou want to see Lady Gaga? Well, I can bring her to Empire City,” Jim Murren, chairman and CEO of MGM Resorts International, said while explaining his concept for turning the Empire City Casino and Yonkers Raceway site into a major entertainment destination.

Murren spoke at The Business Council of Westchester’s annual dinner on Oct. 10 at the Hilton Westchester in Rye Brook. Entertainment has long been associated with MGM, from the “That’s Entertainment” series of movies about the glory days of the studio to the use of the Arthur Schwartz tune “That’s Entertainment” as a theme song. The resorts company is now separate and distinct

pkatz@westfairinc.com

from MGM film operations. At the beginning of the year, MGM closed on its $850 million purchase of the casino and raceway property from the Rooney family and has been engaged in a campaign to obtain a full gaming license from New York state, which would allow it to introduce Las Vegas-style gambling. It then would be eligible for a sports betting license. » EMPIRE CITY

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A DEVELOPER WITH MORE than 400 projects under its belt, many of them multimillion-dollar mansions in Florida and the Hamptons on Long Island, is leapfrogging over Westchester, Rockland and Putnam counties and going to the Hudson Valley where it sees emerging development opportunities in multifamily projects. It is on schedule to have a project in Fishkill open by the end of October. The developer is Farrell

Building Co., which began in 1996 shortly after Joe Farrell at the age of 27 bought a parcel of land in Brookville in the town of Oyster Bay in Nassau County. He built a house, sold it and embarked on a development career. Now, operating at its headquarters in Bridgehampton, Farrell has assembled a team to cover all the bases from site selection to finance and construction oversight. Using the banner Farrell Communities, the company has set its sights on Dutchess and Orange » HUDSON VALLEY

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Serving the Lower Hudson Valley Since 1871 914-248-7272 PCSB.com


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