Of the bids put forth, Delaware North presents the strongestfinancial proposal with an up front payment of $370 million,according to an Assembly statement. "Combined with their successfultrack record as a partner of Saratoga Gaming, Finger Lakes Gamingand Fairgrounds Gaming, and with vast experience operating VLTs,Delaware North will build and operate a successful facility for theState of New York which will provide additional vital resources forthe local Queens community, the Upstate economy, and educationneeds throughout the State," the statement says.

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The Governor revealed that he is pleased that Delaware North iscommitted to a process to specifically address the Queenscommunity's development needs and will effectively build on thateffort in future development phases. Delaware North, which operatesother combined race tracks and casinos in upstate New York, offeredthe state the biggest upfront payment of any the other bidders,republican senate majority leader Dean Skelos says in astatement.

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Delaware North was unable to be reached for comment by deadline.Following the awarded deal though, Senate Republican leaders putthe brakes on a final deal, saying more needs to be done by thecompany before it signs off. In response, Gov. Paterson issued astatement saying that this is the best deal for all NewYorkers.

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New York City developer SL Green Realty Corp. and its partners,led by Hard Rock Entertainment, offered $250 million, while CapitalPlay, whose partners include Mohegan Sun casino, offered the state$100 million. As GlobeSt.com previously reported, SL Green'sproposalto revitalize the Aqueduct Racetrack did gain endorsement fromlocal labor unions, however its plan ensured $250 million up frontto the State of New York. GlobeSt.com will update as moreinformation becomes available.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.