¡°It¡¯s likely that our costs are exceeding the budget, based on the bids that came in,¡± Larking said, adding that any extra gaming-tax revenue would help fill any funding gap.

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The initial rental rate on the property will yield Oak Street an 8.5% annual capitalization rate, adjusting to 7% as the casino receives gaming approvals. The rent rate is subject to CPI increases, the companies said in a release.