Plan to Build $600M Gambling Resort in Catskills

The proposal to be unveiled Thursday night at a public meeting will include a large hotel, a harness track and video lottery terminals on the former site of the Concord Hotel

Thursday, Mar 8, 2012  |  Updated 3:44 PM EDT
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Plan to Build $600M Gambling Resort in Catskills

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Plans to develop a $600 million resort with gambling on the site of the grandest old Borscht Belt hotel are being revived.

The proposal to be unveiled Thursday night at a public meeting will include a large hotel, a harness track and video lottery terminals on the former site of the Concord Hotel, famed from the days when the Catskills were a prime summer destination for Jewish families.

The Monticello Raceway, with its video lottery terminals, would move from its current location several miles away to become part of the resort.

Plans for a mega-resort at the site date back several years. A Westchester County developer's plan stalled during the recession. Now, Entertainment Properties Trust, which owns the land, is working with the race track operator.

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