If slots are allowed, the city would receive 1.5 percent of monthly revenues from Naples-Fort Myers Greyhound Racing & Poker and, if revenues are over $250 million, the city will receive 2.5 percent.
“Most cities do not get anything unless it trickles down from the state,” said Izzy Havenick , who owns the track. “The slot machine industry in Florida is the highest taxed business by far. It’s just shy of 40 percent of our gross revenue goes to the state of Florida. That doesn’t include what goes to the city. That doesn’t include what goes to counties.”
The track would also like to eventually add a 5,000-seat clubhouse, a 250,000 square-foot retail area, 20,000 square feet of bars and nightclubs, and 15,000 square feet of restaurants.