I think I posted earlier, but I'm sure there's a path where they have a Joint Venture partner(s) with some capital backing. The equity contributions will be small enough for the McCaskeys to be able to put up their share and that venture partner will probably put up significant debt as well. They'll get some NFL money too. All they can probably count on from AH is some tax preferences for the future. I'm sure they'll try from the state, and hopefully fail. And maybe the county will do some bare minimum capital improvement help to the site whether it's roads or infrastructure. That joint venture may even be someone prepared to own the franchise in time. A convertible debt like scenario perhaps (where the McCaskeys can still get a nice 12% ROI on whats there now but give up the upside of an eventual 5.5B valuation). As to the rest of the site development, whether it's sold off directly or leased to developers, yes I'm sure additional development partners are brought in to add capital for hotels/condos/whatevers with some recurring revenue streams set up to go back to the team/partnership. Whether it's sold or leased is likely just a question of tax consequences. But since this thing may take time and Virginia could probably go at any minute, it may just be that it's handed over to the next owner as a ready made solution and still has increased the franchise value more than the $200M they'll put up for it. And presumably that owner will still bring in developer partners, but get to keep more of the downstream revenue by financing more of it directly.