June 20, 2014
From the Desk of Eliot Spitzer, Owner of Hudson Valley Resort
Video Lottery Terminals (“VLTs”) for our resorts, to save and create jobs, became a hot topic this week up in Albany. VLTs offer a solution to keep The Granite at Hudson Valley Resort viable, and would be a great amenity for the property, no different than our golf course or spa, only that the VLTs will generate a profit. It would allow the few old Catskill resorts that remained open all these years through the toughest of times, to not only survive but allow us to thrive. It will be a great compliment to the large casinos that will soon come to our area. Having VLTs will allow us to invest millions of dollars to renovate and bring our properties back to the life they once had. We will become a seven-day-a-week operation, not just weekends and summers. Not only will we be able to give more hours and better pay to our 160 current employees, but we will be able to double our employment. We will be able to purchase three times the amount from our local suppliers. We will be able to contribute millions more in tax revenue to the County and State. On the other hand, without such a solution we will not be able to afford a much needed renovation in order to compete in the Tri-State area let alone surviving when the large casinos open in our backyards.
We had amazing support from our representatives in Albany; Assemblyman Cahill and Senator Seward and their amazing staffs. They understood our plight and they care for our employees who are local residents. They see this as a win-win for everyone. They want people to have better jobs with more hours, and want to give local businesses the ability to create more jobs. They want to preserve the businesses in their areas, which mean so much to their communities and have been around for so many years. They worked tirelessly to bring the issue to the forefront. Just a few weeks ago no one knew about this issue and today, with their efforts, everyone in Albany is fully aware and wants to help.
Now that we got to this point and have significant support for the idea, we are going to step back and wait for the casino location process to take its course, as that is the County’s priority at this time. We fully support bringing casinos to Ulster and Sullivan Counties as our area needs the jobs and economic growth the most. They expect to choose the casino locations this fall, after such time, in coordination with Ulster and Sullivan Counties, we will continue our efforts to complete what we started. I want to personally thank everyone who worked so hard on this issue, including our Town Supervisor Carl Chipman who gave us the support, time, and care that this warranted. I also want to thank Orest Fedash our General Manager and our awesome employees who work tirelessly to make all of our guests feel welcome at Hudson Valley Resort. I am very excited about our prospects and what we will be able to accomplish in the very near future.
Owner of Hudson Valley Resort