One would think that after all those years of dealing with the Legislature the NYRA camp would have a clue. Like, maybe they shouldn't have given up the rights to the land for what, effectively, is looking like a big, fat NOTHING. Who exactly is responsible for that decision?

So, say the state loses the gambling revenue. They still have the land. And this is a lot better than some promises from douchebags.

Stop you can give outthe notice and you can give out the notice.. NYRA is being ridiculous they should be saying.."we understand the State is in intense budget talks and we respect that the State has major issues, yet we will need them to honor their commitment to fund NYRA especially enlue of the OTB crisis which has drained 18 million in revenue from NYRA. NYRA will require the State to honor their commitment and finance NYRA until VLT's at Aqueduct are operational" Instead we got "hi the Belmont stakes is June 5th deposit money immediately to play the big pik 4's and 6 and we will be out of business on the 6th have a nice day."

Are school districts and health care facilities really comparable to the situation that we are talking about?

I'm not suggesting that NYRA has done anything that would warrant them losing the franchise. However, that is irrelevant if some corrupt politician(s) wanted to re-link the racing franchise with the VLT contract and saw a shutdown as a way to accomplish that goal.

You asked for entities that get money from the state while the state simultaneously regulates them. Hospitals certainly fall into that category (get Medicaid $$ while regulated by DOH); schools, subject to audit by the Comptroller, are probably a less perfect analogy.

The highway Authority? Isnt the highway Authority a function of the state? Doesnt the state "own" the highways? What's next the dept of taxation? Those arent businesses.

The law isnt nor will it be changed. You know that. Handout? LOL. Your grasp of the situation seems on par with the Daily News editorial boards. That is not a compliment.

NYRA is simply playing by the rules of engagement of politics in NYS. Really what choice have they been given?

Is what NYRA asking for considered "state aid"?

NYRA officials argue that the state--because it now owns NYCOTB--is on the hook for the money owed NYRA by the OTB giant. NYCOTB, in its Chapter 9 bankruptcy filing, acknowledges a $15 million debt to NYRA; officials at NYRA have said that amount has since grown to $17 million.

"NYRA has a good case for the money," Pretlow said. "OTB is the state and OTB owes NYRA, ergo, the state owes NYRA."

This appears to be what many don't get.

It doesn't matter what it is called. Yes, NYS is contractually obliged to pay NYRA the racino "continuation" payments (and it's probably also on the hook for NYCOTB), but just because you have a contractual right to something doesn't mean you are going to get it. NYS also has contracts with the government employee unions. The governor just tried to unilaterally impose furloughs in a manner that a federal court judge concluded was in violation of those contracts. So it's not like NYRA is the only party in whom the state may be in default on its obligations.

The simple fact is, that given the tarring that it has endured in recent years, NYRA is not viewed in a particularly sympathetic light by a general public that doesn't think the state should be in the gambling business, especially when they perceive it to be losing money. At a time when hospitals are closing and teachers are being laid off, many people (I'm not one of them) believe that giving money to NYRA is a misplaced priority. Just read the many blogs on the newspaper websites, including the Times-Union and Saratogian, to get a sense of this sentiment. This is why what should be a simple thing to do contractually is proving problematic from a legislative perspective.

Well let me ask you a question. If all this is true (and I do believe it to be that) then what chance does NYRA or any other racing entity for that matter, have if the state which owns the OTB, controls a great deal of what NYRA/franchise holder does and is broke, can simply opt out of its financial obligations because of poor public perception of racing, the vast majority of which was falsely created by the state? Seriously, if the state can simply turn up the bad news meter everytime they don't want to pay NYRA monies owed to them ask yourself the question that you originally posed. Why would any of the board of directors (or anyone for that matter) loan money to NYRA under those circumstances?

That's a very fair question; one that I really don't have an answer for.

However, having fought hard for the franchise and for a change in its corporate status, I'd like to think NYRA had other alternatives to only pinning its hopes for continuing racing on getting legislative relief (whether it's owed that money contractually or morally is really besides the point when dealing with Albany pols). And as I said earlier, against the NYCOTB back-drop, I think NYRA has painted itself into such a corner that, if some alternative did exist aside from legislative action for a loan or some other funding stream, NYRA probably couldn't exercise it. Because this should have been an easy lift and it hasn't been accomplished so far, I get a bad feeling about it. Patterson saying that something will get done is just BS; it's the legislature that needs to agree, and when Shelly Silver is involved, there's always a price to pay.

What is it that you suggest NYRA should do instead of what they are being forced to do? Don't you think cashflow is seriously hurt when you are owed $17 million by someone who refuses to pay and you know you are not getting it anytime soon?

I am hardly an expert on NYRA's business and the complexities of the contracts between the various entities that it deals with. But what alternatives do they have if the largest business partner that thay have (and have no choice to end the relationship) has the ability to not fulfill its obligations? The alternative that would have given them the ability to carry on has been screwed up by the state for 9 years. Again, in theory, what would have been the realistic alternatives?

The state owns NYRA make no mistake about it. NYRA is as independant as my 6 year old son. They rake as told, they expand or contract as told, basically they are an oversight group. The funny part is you all think I am ANTI NYRA ? Why would I be? The new group is wonderful but to think the guys running the park system are less entitled to the states money is comical at best?

NOBODY suggests NYRA isnt 100% correct in there demands of the State ...The State is in financial turmoil do you understand that or you figure they are printing money like Obama?

Please Freddy, NYRA neither has the option as to whether to contract with OTB nor the right to negotiate the rate at which to sell their product to them. Don't you think that makes them different than any other business and that the State controls this alone obligates the State to put up the $17 million NYCOTB owns them?

I think it makes them a state run oversight assc. exactlt what they were prescribed to do..Toll collectors nothing more nothing less. Sorry it isnt a business and its failure or success is based soley on NY

Absolutely, cash flow is hurt when NYCOTB doesn't pay, but speaking to people whose living is in the racing industry, this problem is partly NYRA's doing, as it has been very late to the belt-tightening table. It eliminated 12 positions only this past spring, and it still has executives on the payroll whose value (v. salary) is questioned on the backstretch. It could have eliminated the detention barn and closed training at Aqueduct and saved about $600K per month according to public reports, and it chose not to.

So they would be $14 million short?

Why do i bother...

If NYRA is correct then explain your posts. The state isnt so broke that it cant spare the $17 million dollars it owes. The idea that some hospital will close because NYRA gets paid what it is owed is pretty much nonsensical. If the state REALLY wanted to do what is in the best interests of NYRA, the state, NYCOTB and ultimately the citizens it would have disbanded NYCOTB and turned the off track betting rights to NYC over to NYRA.

But like the VLT debacle, they continue to let petty political corruption get in the way of progress and profitability. Racing in NY should not only be a strong, vibrant industry, it with the combo of VLT's and an increasingly better racing program should be churning out money for the state. Instead NYRA is out of money, NYCOTB is totally paralyzed and there hasn't been a dime of tax revenue produced by the Aqu VLTs. And every finger should be pointed directly at the state of NY's politcal bosses. They made this mess, now they don't want to clean it up.

You guys are so close to the trees you dont see the forest. Byk makes me laugh on the air with his narrow opinion.. Trickle down economicas is my favorite lol like offering the same breaks to GM doesnt have the same if not better trickle done result?

Steve, Carolina would have been a huge earn today the fn food stands were packed..Ship in a kiosk ASAP lol

Freddy you compare NYRA to toll collectors. Do i need to say more?

Please NYRA needs slots like I need cancer. They are capable of sustaining the meets without slots, Didnt they for the last 50 years ?Delaware had 6 and 7 horse fields today Philly was lucky to get 7 horses in a field both have slots table games and hookers. Racing doesnt need slots it needs less racing. The friggin 15k had 5 or 6 claims at MP today hello world this is what racing can be? Activity on all sides of the coin.. The claim box rocking, the handle rocking. attendance rocking, all we need is slots to pollute the air?

Yep that condition book must be a real puzzle..They are fn toll collectors.. What does NYRA do other then facilitate the rake? Please its a non profit which is in business to make sure the rake is as big as it can be nothing more and nothing less and I hope they succeed

We didnt have toll collectors 50 years ago either

They are a non-profit because that is the only way that the state can maintain control over the business. They knew if they disbanded NYRA and brought in a for profit company they would have to cut the tentacles wraped around the business in the form of NYCOTB and the choice of the VLT partner. Once the debacle of bidding on the franchise had run its course it was the only way for the state to save face.

Yep and they are still toll collectors

NYRA does not test for drugs

Obviously otherwise super horseman TAP would not be as successful

The state of NY conducts the testing at SUNY Morrisville

NYS is basically knocking the teeth out of NYRA and ramming it down their throats and NYRA can't get enough of it. They love playing the battered woman.

I good shot across the chops keeps them in line!!!

Temporary fixes are not going to change the sport for the better in the long-term and chances are slots are going to take horse racing to the brink of extinction before it's all said and done.

What this sport needs is less grovelers (democrats) in power and more trailblazers. Not the ones from Portland either.

Jerry Bossert/NY Daily News article - Sunday, May 23

http://www.nydailynews.com/sports/mo...last_race.html


With horse racing in NY in financial trouble, News examines how it got there, and how to fix it

What's the over/under on when they'll get a casino?