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Updated about 9 years ago,
New Casino in Schenectady, investment opportunity?
Hey Bigger Pockets,
Many of us in the capital district are aware of the new casino being built in Schenectady, New York. It'll be ready in 2016, about 40 minutes away from Albany and Troy. I'm still a newbie when it comes to real estate investing, but it makes a lot of sense to me to think that the casino would drive real estate prices through the roof in the area.
That makes sense...right?
It would be bringing thousands of jobs in and even more tourists, turning Schenectady into a tourist attraction on the Mohawk River and driving real estate prices up within the next 5 years. Seems to me like a huge opportunity but i would love your professional (or amateur) opinions! Anyone had any experience with real estate nearby casinos? Any and all feedback is appreciated.
-Ausitn