Permits in hand, new resort destination will come to market quickly

Company Release – 3/13/2014 11:29 AM ET

KANSAS CITY, Mo., March 13, 2014 /PRNewswire/ — EPR Properties (NYSE: EPR) and its co-developers today unveiled Adelaar, a new four-season destination resort planned in Sullivan County, New York. The new $750 million development, including land value, is located 90 miles from New York City, is estimated to create nearly 5,000 jobs and will sit on 1,700 acres of land at the site of the former Concord Resort. The Company has teamed with Empire Resorts, Inc. (“Empire”) (NASDAQ-GM: NYNY), the company that currently operates the Monticello Casino and Raceway and intends to apply for a license to own and operate a destination gaming resort that will include a four-star hotel. Adelaar – the Dutch word for eagle – will feature a broad variety of leisure and recreational programming. Read More

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