Magna did not pay fee in slots bid

[phystech]

Originally Posted by smuthg

I'm not sure I understand what the $28.5 Mil fee was for. I can't imagine that it was merely to get the state to consider their bid.

Guess it was like "earnest" money, like when you submit a contract for consideration to buy a house.

Can't believe Magna had large enough balls to make application and not write the required check. Even more difficult to believe is that the slots board would accept the app without the check.