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July 2nd, 2014

Greenetrack and Full House Resorts Team Up to Develop the Grand Hudson Casino and Resort

NEW WINDSOR – Luther Winn, Jr., President and CEO of Greenetrack, announced an application has been filed with the New York State Gaming Commission seeking a license to develop the Grand Hudson Casino and Resort at Stewart Airport in Orange County, New York. Greenetrack is partnered with Full House Resorts, a highly-regarded, publicly traded gaming company that will serve as the casino’s operator.

The Grand Hudson will be a 140-acre casino at Stewart Airport that features 110,000 square feet of gaming space, a high-end hotel with 350 guest rooms, an aquatic center, seven restaurants, and a convention center. The project will create more than 2,500 permanent jobs, and invest millions to support police and fire departments, transportation, parks and recreation, job training, educational scholarships, and partnerships for local businesses.

"We are pleased to submit our formal application, which has tremendous support in Orange County and throughout the Hudson Valley. We could not have taken this crucial step without the partnerships we forged with the people in New Windsor, and we look forward to building the Grand Hudson with you by our side," said Mr. Winn.

Mr. Winn continued: "Our proposal brings unparalleled benefits to distressed areas like Newburgh and Port Jervis, where the economies continue to struggle. We urge the Gaming Commission to look favorably upon our proposal."

Andre Hilliou, Chairman and CEO of Full House Resorts said, "We are proud to bring our expertise and know-how to this development and believe the Grand Hudson is an incredible opportunity for the state and the region."

As part of this application, Greenetrack has entered into a host municipality agreement with New Windsor in Orange County which in addition to putting the property back on the tax rolls will provide a number of local benefits including: waste water treatment upgrades, removal of an existing army barracks, a new police academy and a high level of support for emergency services. The project will also support a new Mid-Hudson Sports and Aquatic Center.

Highlights of the Grand Hudson casino development include:

• A New Mid-Hudson Valley Sports & Aquatic Center. A brand new Mid-Hudson Valley Sports & Aquatic Center will have two regulation size basketball courts, three indoor soccerfields, and an Olympic size swimming pool. This facility is projected to operate year round and bring added activity to the Valley, operating at full capacity for 40 weekends of the year.

The Aquatic Center will attract participants – tourists – from Long Island to the South, Albany to the North; Connecticut to the East and Pennsylvania to the West. It will become an economic engine for the Mid-Hudson Valley – bringing in thousands of participants on weekends and building up the athletic ability of the youth of the Mid-Hudson Valley.

Recognizing the need for jobs, training, investment and promotion of the Hudson Valley, Greenetrack has entered into a Host Municipality agreement with New Windsor in Orange County, has a Memorandum of Understanding with Dutchess County, and partnerships throughout the Mid-Hudson Valley.

• The New Newburgh Initiative. The City of Newburgh has long been one of the state’s most economically challenged areas – especially for communities of color. Greentrack has made an unrivalled commitment to the City putting forward a comprehensive education, jobs development and public safety proposal including but not limited to:

College Programs & Partnerships:

· Free Tutoring for Newburgh Students

· Stipends for Teachers

· Free SAT/ACT Tutoring

· Full Scholarships and Tuition Supplements for Those Accepted to Cornell University School for Hotel Administration and SUNY Orange in Hospitality Management Studies

· Paid Internships and High School Classes Designed for Careers in World-class Destination Gaming Facilities

· Scholarships for Children Whose Parents Work at the Grand Hudson

Jobs & Job Training:

· Strengthen Technical and Non-academic Job Training in Newburgh Schools

· Successful Completion of Greenetrack Sponsored Program Elevates Student to Top of the Employment List

· Paid Internship Program Run During the School Year at the Grand Hudson Casino and Resort

· Matching Internship Programs with Participating Local Newburgh Businesses

Safer Streets & Communities:

· Full Restoration of the Newburgh Police Force through a $1 Million Dollar Matching Grant

· Support for an Independent Civilian Complaints Review Board

Transportation & Infrastructure:

· Bring Grand Hudson Trolleys to Newburgh

· Free Travel up Broadway to the Grand Hudson with Stops Along with Way

· Assist the Greater Newburgh Partnership with infrastructure proposals

Tourism & Newburgh Business Development:

· Fund a Newburgh Tourism Executive Director to Work within the Newburgh Professional and Business Association

· Partnerships with Newburgh Businesses:

• Utilize the Grand Hudson to Promote Local Businesses

• Support Newburgh Professional & Business Association

• Newburgh Restaurants and Shops at the Grand Hudson

• Matching Internship Programs with the Newburgh Free Academy

Hudson Valley Initiative

Greentrack is committed to establishing a long term partnership with communities and will provide job training on site at Stewart Airport which will allow future workers to learn skills and trades without leaving their families.

Greentrack has also agreed to the following:

· Improvements to the recreation facilities of the Town Park of Hamptonburgh

· Improvements to the Dutchess County Stadium

· Sponsorship of major events at Dutchess County Stadium

· Tourism promotion in Dutchess County

· Free shuttle service from MTA train stops in Orange and Dutchess County

· Free transportation for all workers living in any City in Orange and Dutchess County

· $2,500,000 to the Town of New Windsor for economic development projects

To maintain these commitments and identify future areas of partnership, Greentrack will designate local liaisons to ensure our partner communities have regular access and communication with upper resort management.

Regional Economic Development Fund

Winn also announced that Greenetrack is establishing a regional economic development fund that will spur economic development, community benefits and infrastructure improvements in Orange, Dutchess, Sullivan and Ulster counties and will generate hundreds of millions for New York’s overall economy. Greenetrack’s Fund will be consistent with the priorities identified in Governor Cuomo’s Mid-Hudson Region Economic Development Council Strategic Plan.

Full House Resorts is a publically traded company, currently operating five gaming facilities around the country. Greenetrack is a certified MWBE in New York.

5 / 5 (3 Votes)

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