EPR Properties announces $750 million Catskills development

03/13/2014 8:06 PM

03/13/2014 8:06 PM

Kansas City-based EPR Properties is a co-developer in a $750 million gaming resort project in upstate New York’s Catskills area.

Adelaar will sit on 1,700 acres that once was home of the Concord Resort, EPR said in an announcement Thursday.

The property owner has teamed with Empire Resorts Inc., operator of Monticello Casino and Raceway. Empire will apply for a license to open and operate the gaming resort as the last step toward the project’s beginning.

“Adelaar has in place essentially all of its approvals and permits to commence construction immediately upon the awarding of a destination gaming resort license to Empire,” the announcement said.

EPR also said it is building an indoor water park, hotel and adventure park at Adelaar, working with the same team that is developing and operating its Camelback Mountain Resort in Tannserville, Pa. It will include 135 acres of hills, a 350-room family-style lodge with the indoor water park, and zip lines, snow tubing and a mountain coaster for the outdoor adventure park.

The Adelaar project, planned by the Hart Howerton design firm, also includes renovation of the 18-hole Monster Golf Course, overseen by golf course architect Rees Jones.

The development site is 90 miles from New York. Construction is estimated to generate 2,550 jobs, and operations will employ 2,200 full- and part-time workers with an annual payroll of more than $60 million, EPR said.

EPR Properties is best known as an owner of movie complexes but counts among its holdings charter schools, entertainment retail centers, ski parks, golf complexes and other properties.

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