Contractors got swallowed up in the excitement and did work without upfront payment.
But only a few sites offer that kind of upfront payment.
However, these plans fell apart in March 2009 when the developer was unable to make a $370 million upfront payment to the state.
The $100 million is a kind of advance, with future marketing payments offset against the upfront payment.
More points (i.e. a larger upfront payment) will usually result in a lower interest rate.
An upfront payment may not be the most tax-efficient option, either.
The deals often give schools a large upfront payment and a share of the collected revenue.
Still, some lawmakers have seen the potential for trouble with such upfront payments.
Thus, the swap requires no upfront payment from either party.
The upfront payment seems quite small for a drug that could address a huge market.