Here's a link to a letter that Assembly Speaker Sheldon Silver has written to Governor Paterson regarding his insistence that the conditions for his approval of Aqueduct Entertainment Group's racino deal at the Big A be adhered to without conditions.
Referring perhaps to the article in the Las Vegas Review-Journal that I linked to the other day (or perhaps to this blog itself!), in which Navagante Group president Larry Woolf spoke of up to two months of negotiations which will include the matter of the "payment structure" of the $300 million fee, Silver writes:
Recently, however, I have read press reports quoting partners in AEG who assert that the aforementioned conditions will now be part of an MOU “negotiation.” Let me reiterate – in the event our conversation and my letter were not absolutely clear – the following four conditions are not negotiable.The other conditions deal with licensing of all parties connected to the group, using the "footprint" of the original MGM plans, and that any changes be approved by the Lottery Division and all three leaders.
One, that the up-front licensing fee must be $300 million and that said fee must be received by the State prior to March 31st.