The project would have a 1.25-mile dirt racetrack, a 1-mile turf track and a harness track.
However, it's not clear whether the project would include slot machines.
"The lack of these electro-mechanical bandits, coupled with competition for gamblers by the four casinos in and adjacent to southeastern Michigan, has been cited as a significant reason for Ladbrook DRC's demise," says Snyder about the former Livonia racetrack that folded four years ago.
He says Magna, whose race track holdings include Pimlico in Maryland, may want to fly in internationally-known racehorses.
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