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CONCORD ASSOCIATES, L.P. v. EPT CONCORD, LLC

519886

130 A.D.3d 1404 (2015)

15 N.Y.S.3d 270

2015 NY Slip Op 06393

CONCORD ASSOCIATES, L.P., et al., Appellants, v. EPT CONCORD, LLC, et al., Respondents.

Appellate Division of the Supreme Court of New York, Third Department.

Decided July 30, 2015.

Plaintiff Concord Associates, L.P. purchased approximately 1,600 acres of real property located in Sullivan County in 1999, and plaintiffs began an effort to develop a resort and casino project there. In 2007, they sought an infusion of capital from entities associated with defendants and ultimately borrowed over $162 million from defendant...

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