Genting Malaysia Reveals $350 Million New York Casino Project
Genting is also offering to fund a new highway interchange to connect Route 17 and 17A off the New York State Thruway to help increase traffic to the site.
The interchange would cost an estimated $25 million.
The bid is worth at least $350 million; however, many consider this to be a small amount for upstate New York. It was anticipated that most proposals would cost around $700 million.
A total of 22 different proposals have been submitted for the four casino licenses and Genting is one of the favorites to receive one. It has a good track record and is well financed.