Empire Resorts, Inc. (“Empire”) (NASDAQ-GM: NYNY) and the Hudson Valley Building & Construction Trades Council (“HVBCTC”), today announced that LP Ciminelli, Inc. (“LP Ciminelli”), the construction manager for a proposed casino, hotel and harness racetrack to be built by Empire’s subsidiary, Monticello Raceway Management, Inc. (“MRMI”), has signed a Project Labor Agreement (“PLA”) with HVBCTC. The proposed casino project is to be situated on property owned by a subsidiary of EPR Properties (NYSE:EPR), comprising 1,500 acres located at the site of the former Concord Resort in Sullivan County, New York. When the development project receives necessary regulatory approvals and financing, the proposed casino project is expected to create approximately 1,200 full-time-equivalent union jobs during construction.
“This agreement represents a significant leap forward for this project, and is further proof that Empire is living up to its word to build union in Sullivan County,” said Todd Diorio, President of HVBCTC. “Empire and MRMI have proven to be committed partners to both labor and the community. We expect this project will create hundreds of good paying local union construction jobs without having to wait for the multiple legislative and referendum uncertainties associated with the legalization of table games. This project can get built under current, not prospective, law.”
Empire’s CEO Joseph D’Amato said, “A PLA with the HVBTC is important for a project as complex and vital to the community as ours. It is another example of our willingness to work together with local union labor to bring good jobs with benefits to Sullivan County. This PLA, along with the Labor Peace Agreement we signed in August 2012 with the New York Hotel and Motel Trades Council, underscores our commitment to being union built and staffed.”
LP Ciminelli’s Senior Vice President Frank L. Ciminelli, II concluded, “A union built job will help ensure this project will maintain superior productivity, cost-effectiveness and the quality workmanship that Empire and MRMI expect, and that LP Ciminelli and the HVBCTC can deliver.”