Former New Hampshire state senator and Concord businessman Andy Sanborn recently held a meeting with city planning board members and disclosed plans to build 43,000-square-foot casino and entertainment venue, according to a report from the Concord Monitor. The new facility will be located on the city’s east side.
Sanborn told board members he hoped the new casino “will bring jobs and revenue to the city.”
Sanborn commented: “The way that New Hampshire has established the ability to help us raise money for charitable causes is really, really cool and we are just getting great satisfaction out of doing it.
We are traditional New Hampshire Yankee people who love everything that makes New Hampshire, New Hampshire. We want to pay homage to who we are as a people, and this is a way to aesthetically celebrate that.”
The project’s first phase would include a 24,000 square-foot gaming room with 634 seats, as well as a 8,500-square-foot restaurant and brew-pub that could accommodate 150 people.
New Hampshire state law mandates that casino and charitable gaming centers must donate 35% of their gross revenue every ten days to specific charities.
TFMoran project designer Nicholas Golon said: “It is the expectation that the local charities may receive upwards of a five-figure yearly sum, which would yield a total charitable value in the tens of millions of dollars.
“A facility such as the proposed would become the largest fundraiser for local charitable organizations in the county.”
Sanborn concluded by saying the new casino would double the number of local charities receiving funds, bringing the total to 72. Among the charities considered would be little league sports, veteran services, domestic violence shelters, animal shelters, homelessness and addiction services in the Concord area.
“We are still looking for charities to be involved in this and we have open slots for non-profits” Sanborn remarked.
