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New York again seeks slots for Aqueduct Racetrack

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April 17, 2009

NEW YORK

New York state officials said Friday they will offer $250 million of tax-exempt bonds to help finance the project to add slot machines to Aqueduct Racetrack. Bidding will reopen because Delaware North, which was awarded the contract, in March failed to raise the $370 million upfront franchise

New York state will again require an upfront franchise fee but the dollar amount has not yet been disclosed. Bids must be entered by the deadline May 8th. The previous bidders who are expected to try again include the Seminole tribe in partnership with SL Green Realty Corp, the Mohegan Tribal Gaming Authority and the Victoria Racing Club.

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