IN BRIEF; Nassau OTB Plans A 'Racing Palace'
By Stewart Ain
Published: May 25, 2003
Published: May 25, 2003
In a move that could add $4 million to the Nassau
County budget, the Nassau Off-Track Betting Corporation plans to open
the Race Palace, a betting hall in Plainview dominated by a wall of
television screens capable of simulcasting 17 different sporting events
worldwide.
''We want to connote to everybody that this is an upscale place,'' said Lawrence J. Aaronson, the corporation's president. ''When some people think of OTB, they think of a New York City sidewalk location. This is a classy, Art Deco, extremely upscale building.''
The building now houses the Vanderbilt catering hall. Mr. Aaronson said he expected to complete the purchase of the building this week for $6.35 million. ''We're looking to finance this for $8.2 million, which includes about $2 million in renovations,'' he said.
Plans call for the first floor to be leased back to the Morey Organization, which will continue to operate the Palmers restaurant and bar that opened in March. The second floor will house the OTB operation, which will include 200 theater seats and 120 desks with personal television screens, and a smaller bar and restaurant.
''We want to connote to everybody that this is an upscale place,'' said Lawrence J. Aaronson, the corporation's president. ''When some people think of OTB, they think of a New York City sidewalk location. This is a classy, Art Deco, extremely upscale building.''
The building now houses the Vanderbilt catering hall. Mr. Aaronson said he expected to complete the purchase of the building this week for $6.35 million. ''We're looking to finance this for $8.2 million, which includes about $2 million in renovations,'' he said.
Plans call for the first floor to be leased back to the Morey Organization, which will continue to operate the Palmers restaurant and bar that opened in March. The second floor will house the OTB operation, which will include 200 theater seats and 120 desks with personal television screens, and a smaller bar and restaurant.
No comments:
Post a Comment