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MegadealsSubsidy Tracker Individual Entry
Company: Monticello Raceway Management Inc / Montreign Operating Company LLC
Parent Company:
Empire Resorts Inc.
Subsidy Source: local
Location: New York
City: MONTICELLO
Address: Thompsonville Road / Joyland Road
Zip: 12701
Project Description: Other Categories; Construction and equipping of a casino resort which will consist of a casino, hotel, restaurants, and related facilities. This project is a portion of the EPT Concord II Master Development plan that includes the casino resort. PILOT starts in 2016. On 1/9/17 a $500,000 mortgage was approved to facilitate the project. On 5/18/17 a $35,000,000 mortgage was approved to facilitate the project.
Year: 2019
Major Industry of Parent: entertainment
Specific Industry of Parent: racetracks
Subsidy Value: $4,072,808
Program Name: Industrial Development Agencies
Awarding Agency: Sullivan County Industrial Development Agency
Type of Subsidy: tax credit/rebate
Number of Jobs or Training Slots: 1,212
Wage Data: $35,000
Wage Data Type: yearly salary
Capital Investment: $365,000,000
Source of Data:
(click here)
Notes: Year is fiscal year. Subsidy value is total for the year of property tax abatements and sales tax exemptions less the net of payments in lieu of taxes. Jobs data is total current FTE. Wage data is estimated yearly salary created. See original source for further details on jobs and wage information. Description merges a general industry description with a project specific description as provided in the disclosure. Investment is total project cost.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.