New York state will provide $250 million in financing to a developer willing to build and operate a casino at Aqueduct racetrack in Queens under a new set of bidding procedures announced on Friday.
The new procedures are intended to fast-track the Aqueduct casino project, which has been delayed for years by political and financial considerations surrounding the racing franchise held by Aqueduct's operator, the New York Racing Association, and by the collapse this year of a previous deal that had tabbed Delaware North Cos. to build the casino.