Hard Rock Partners with NYS Funding on Casino Plan in Rensselaer, N.Y.
- Jun 23, 2014
Hard Rock International is ready to put its name on another property. The company has joined NYS Funding L.L.C. in the bid to build a casino, the Hard Rock Hotel & Casino, along the Hudson River, in Rensselaer, N.Y.
The property would sit at the DeLaet’s Landing site, former home of Rensselaer High School, less than two miles across the Hudson River from Albany. The availability of specifics on the hotel-casino property is limited, as the project is still in the proposal phase. Details will be made public with NYS Funding’s Request for Application, which will be submitted to the New York State Gaming Commission by June 30.
“Introducing the Hard Rock brand to the region and to our city greatly elevates the excitement around this project and will make the resort casino even more attractive and successful as a destination for the local community and visitors alike,” Dan Dwyer, mayor of Rensselaer, said in a prepared statement.
New York voters approved a referendum in November 2013, allowing for the development of seven casinos in the state. So, Hard Rock and NYS Funding have more than a little competition. The price tags could get hefty. The Gaming Facility Location Board has established a minimum capital investment for the proposed casinos, with overall costs ranging from $70 million to as much as $350 million.
On June 19, city officials of Rensselaer held a presentation on NYS Funding’s proposed casino, and opened the event to the public, offering locals the opportunity to “see the beginning of what may be the most transforming move forward for the City of Rensselaer.
The NYS collaboration in Rensselaer is not the only new partnership Hard Rock has established in the casino game as of late. In October 2013, the company announced it had formed an alliance with the Menominee Indian Tribe of Wisconsin to develop, in conjunction with the Osceola Group, and manage the Tribe’s proposed hotel-casino in Kenosha, Wisconsin.