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SL Green Brings Suit Against Delaware North

NEW YORK CITY-SLG claims that DNC derailed its earlier bid at Aqueduct Racing Track in Queens, but Delaware says it will re-bid as well.

By Cody Lyon | Updated on April 21, 2009

NEW YORK CITY-SL Green Realty and Aqueduct Development Partners LLC has initiated legal action, Friday, against Delaware North (DNC) related to the Aqueduct Race Track redevelopment project in Queens. In the complaint, SL Green says that among other things, DNC had “derailed” its bids to operate wagering and other facilities at three New York thoroughbred racing facilities.

Court documents filed by SL Green and its wholly-owned subsidiary, Aqueduct Development Partners LLC allege that DNC engaged in “unlawful conduct in misappropriating for its own benefit the rights to operate wagering and other facilities.” The complaint goes on to say SL Green now seeks to “recover its damages, as well as the damages inflicted on its former affiliate Empire Racing Associates, LLC caused by DNC’s unlawful scheme.”

A spokesperson for SL Green says in a statement that “Delaware North’s actions as outlined in the complaint, damaged SL Green and Empire Racing Associates shareholders significantly.” The same statement adds “they also harmed the people of New York, given the VLT’s at Aqueduct otherwise could have been up and running by now and would be delivering revenue to the state at a time the state sorely needs it.”

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