Property and Equipment

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment and Capitalized Project Development Costs

Property and equipment at December 31, 2015 and 2014 consists of:

	(in thousands)
	12/31/2015			12/31/2014
Land	$	770		$	770
Land improvements	1,732			1,681
Buildings	4,727			4,727
Building improvements	27,284			27,062
Vehicles	280			282
Furniture, fixtures and equipment	3,894			3,540
Construction in Progress	197			85
	38,884			38,147
Less—Accumulated depreciation	(13,095		)	(11,775		)
	$	25,789		$	26,372

Depreciation expense was approximately $1.4 million, $1.3 million and $1.4 million for years ended December 31, 2015, 2014 and 2013, respectively.

The VGMs in the Company’s facility are owned by the NYSGC and, accordingly, the Company's consolidated financial statements include neither the cost nor the depreciation of those devices.

Capitalized Project Development Costs

At December 31, 2015, total Capitalized Casino Project development costs incurred were approximately $10.4 million and consisted of $10.3 million in architectural, engineering fees, construction manager costs and subcontractor costs and approximately $127,000 in legal, consultants and other costs.