THOMPSON, NY-Concord Associates LP is receiving a $250 million loan from Union Labor Life Insurance Co. for the $1-billion Concord Resort here. Concord is part of a joint venture with Empire Resorts Inc. which is constructing the Concord-Empire Resorts Hotel-Casino. The Union Labor Life Insurance Co. is making this loan through its investment vehicle, Separate Account J, “J for Jobs,” which is purposed not only to deliver strong returns, but valuable financing solutions to union employers and the creation of new union jobs.

David Hanlon, CEO of Empire Resorts, says in a statement that this project will create 2000 permanent jobs to the residents of Sullivan County, as well as union construction jobs. Currently the project has been issued its foundation building permits and concrete work has begun for the new hotel and convention center.

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