Here's the take from the Bloodhorse.

" Excelsior said it would pay New York state $100 million up front and another $7.5 million over the 20 year life of the franchise "


http://news.bloodhorse.com/viewstory.asp?id=36474

ALSO from the T'Bred Times

"Panel members favored Excelsior's plan to run racing on a non-profit basis and keep it separate from video lottery terminal operations at Aqueduct and possibly Belmont. Empire was the only firm whose business plan called for a for-profit enterprise."

http://www.thoroughbredtimes.com/tod...67909&subsec=1