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City Council OKs Binghamton Casino Bid

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By Fox 40 Staff.
Could a casino come to Binghamton? Tuesday night the Binghamton City Council unanimously voted to support a bid led by Jeffrey Hyman to place a casino at the old Stow Manufacturing site....

Few details on the bid were released by the developer or Mayor Rich David Tuesday. Both said they would discuss details once they are made public next Monday when the application is due to the state. This will be the second application for a Southern Tier casino license, with Tioga Downs in Nichols also vying for a license.

While not giving a specific number David said projected revenue to the city from the casino would be in the millions, possibly in the neighborhood of six million dollars. He also said the cost of any cleanup of the site would be borne by the developers.

"It's a phenomenal site. It's a site that's been targeted for redevelopment for quite some time. We're really hopeful this is the opportunity to take that site to a higher, better use. Maybe as high and best a use as anyone could have conceived in terms of the economic engine and truly transformative," said Jeffrey Hyman, Project Manager.

""I think it is a tremendous opportunity for the residents of the city of Binghamton and working to secure a casino is something thats been a priority of this administration since 2014, and we've worked very hard as a group to try to secure this," said Mayor Rich David.

One person at Tuesday night's meeting complained that there was no public hearing before the vote. Both David and Hyman said once the bid is made public next Monday there will be public hearings in front of City Council and the Mayor - as well as before the State Gaming Board.