Moody’s Report Shows How Lago Project Violates Gaming Law
A new report from Moody’s further confirms what past economic analyses have exposed: Tom Wilmot’s casino proposal will destroy jobs in Central New York. The report from the credit ratings agency, which was released on Friday, declared that rather than growing the local economy as state gaming legislation requires, the Lago project’s details “uniquely position it to cannibalize gaming customers" from existing local economies. The report further underscores the legal merits of the lawsuit now moving forward against the Lago project. New York’s public officials have a responsibility to honor the spirit and letter of the gaming law’s job growth provisions -- that means they must reject proposals predicted on destroying local jobs.
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