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  Tentative deal on slot machines could bring Dade $10 million a year
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Last EditedCBlock941  Jan 13, 2005 09:12am
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MediaNewspaper - Miami Herald
News DateThursday, January 13, 2005 06:00:00 AM UTC0:0
DescriptionMiami-Dade County leaders and three parimutuel operators reached a tentative 30-year agreement Wednesday that calls for a $4 million up-front payment to the county that would in effect offset the cost of a referendum on Las Vegas-style slot machines, and a percentage of gross revenues that could be worth up to $10 million a year if voters approve them.

The proposed agreement -- which must pass a County Commission vote next Thursday to set up a March 8 referendum -- could also mean as much as $300 million annually to the state's public school system, officials said.

The deal would permit up to 6,500 Las Vegas-style slot machines at Flagler Greyhound Track, Calder Race Course and Miami Jai-Alai.
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