EPR Properties together with Empire Resorts Inc. and subsidiary, Monticello Raceway Management Inc. received approval from the Town of Thompson Town Board on the Comprehensive Development Plan, SEQRA findings and the Planned Resort Development Text Amendments for the 1,583-acre site of the former Concord Resort. Approval of the CDP and SEQRA findings and the adoption of the Amendments means the joint developments can now move forward with the submission of individual site plan applications, thus initiating the commencement of the build-out of the proposed EPT Concord Resort. The transformative CDP for the EPT Concord Resort is anticipated to create a world-class, four-season destination resort and multi-use residential community, reigniting the Catskill tourist industry which historically supported the regional economy.

As a catalyst for economic growth, it will transform the patterns of employment, development and investment in the area. In addition, the plan includes a residential village with a mix of unit types including condos, apartments, townhouses and detached single family homes, a civic center, and an active adult residential community. This mix of uses will be connected to abundant open space, via a multi-use trail system.

The initial phase of development and construction includes the Casino Resort comprising of an approximately 117-acre development area in the southern portion of the EPT Concord Resort. It is anticipated that construction of the Casino Resort will begin in the spring of 2013.