Four of the six groups bidding to revive the Aqueduct racetrack in Ozone Park, Queens have anted-up their offers to New York state. Bidders had until early this week to change their original proposals and submit them to Gov. David Paterson’s office.
A group led by Manhattan’s largest landlord SL Green boosted its offer to $275 million from $250 million, while the Aqueduct Entertainment Group, which includes prominent New York builder Turner Construction, said it will give the state $100 million on top of its initial $151 million bid if the state boosts the number of video lottery terminals to 7,650 from the proposed 4,500. Casino mogul Steve Wynn doubled his bid to $300 million from an initial proposal in June. And the group led by MGM Mirage and well known developer R. Donahue Peebles has also increased its bid, but the spokeswoman declined to elaborate. The group reportedly put in an initial bid of $150 million.
Mr. Paterson’s office did not return a call for comment, but a decision is expected to be made in a few weeks.