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What Could a Casino Mean for Local Real Estate

Reaction on Wednesday to a potential casino in Johnson City.

Fox 40 has learned about plans to build a $150 million dollar casino and resort at Traditions at the Glen.

This just about a week after New York voters approved Proposition 1 allowing for seven Las Vegas style casinos, four of which would be located upstate.

The project could mean hundreds of jobs. Such a project would have far-reaching impact, but what about for the local real estate market?

"Well that's all going to depend on how many people are going to be hired and how many people are actually going to be looking for homes. If we can bring more people to the area then of course home sales will increase," said Thomas Reid, President of the Greater Binghamton Association of Realtors.

While not disclosing the exact reason why, Traditions is planning a press conference Thursday evening at 5:30pm.



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