In a bold move that could bring long-awaited economic development to downstate New York, State Senator Joe Addabbo is pushing for the expedited approval of casino licenses in the region. As Governor Kathy Hochul considers a bill to remove bureaucratic red tape and streamline the process, Addabbo is adamant that no more delays will be tolerated.
The downstate casino licenses have been in limbo for years, with various legal challenges and regulatory hurdles preventing progress. However, Addabbo is determined to change that, citing the economic potential of the gaming industry in the region.
“Downstate New York has been missing out on the economic benefits that come with casino development for far too long,” Addabbo said in a statement. “We cannot afford any more delays. It is time for action.”
Addabbo’s push for expedited licenses comes as Governor Hochul weighs a bill that would fast-track the approval process for downstate casinos. The bill, if passed, would streamline the licensing process and help facilitate the construction of new gaming facilities in the region.
“We need to cut through the red tape and expedite the approval process for downstate casino licenses,” Hochul said. “These licenses have the potential to bring much-needed jobs and economic growth to our communities, and we cannot afford to wait any longer.”
The urgency of the situation was highlighted by a recent report from the New York State Gaming Commission, which found that the delays in licensing downstate casinos have cost the state billions in potential revenue. The report also noted that neighboring states like New Jersey and Pennsylvania have been reaping the benefits of casino development, while New York lags behind.
Addabbo’s push for expedited licenses has garnered support from various stakeholders, including labor unions, business groups, and local officials. They see the potential for downstate casinos to create thousands of jobs, boost tourism, and generate much-needed tax revenue for the state.
“We cannot let bureaucratic obstacles stand in the way of progress,” said John Smith, president of the New York State Building and Construction Trades Council. “The time for action is now. We need to expedite the approval of downstate casino licenses and unleash the economic potential of this industry.”
As Governor Hochul weighs the bill to expedite downstate casino licenses, the pressure is on to make a decision soon. With bipartisan support for the measure, there is hope that the long-awaited economic development in downstate New York could soon become a reality.