Track privitization
 

Let me ask an admittedly basic question:

Chris Christie says that he wants to get NJ government out of horse racing -- no subsidies.

Does that mean that he still would expect a privitized track to contribute the same amount in takeout minus operating costs to the state? Or are the profits also to be kept by private industry investors in such a plan?

If anyone finds details on what such a plan would mean, post it here please.

A mature industry shouldn't need subsidies. This isn't solar energy here. If horse racing can't make it in NJ, it shouldn't be there. The same for anywhere.

Awesome non sequitur... :tro:

Joey,

There's no plan as of yet. But even privitized, the entity running MTH, (NJ racing properties, et al..), are subject to the state's skim ('taxation') in the form of takeout. Remember that the state will still regulate the sport/run a racing commission, etc., and takeout funds that as well as other state coffer projects..

Tell me why the public tax payer should pay to build a stadium or lose 10s of millions as the NS Expo does? I'm nothing if not consistent. And your responses to me are old. Sorry you disagree all the time. But your smartass **** is tiresome.

Thanks Steve. That's about what I figured, but with all this talk of privitization being the only way to continue racing in NJ if the governor doesn't change his mind, I was wondering if the actual collection side for the state would change at all.

It might make a good incentive for a private firm if the skim was reduced so to allow more upside for the investors and possibly expand the field of bidders.

Really, how about some specifics? The harness track is bleeding money like you wouldn't believe. They are losing 10s of millions a year. Where does that come from exactly? Better, the Meadowlands original stadium is still not paid off, including the Harness track. It was all part of the expo authority which has failed miserably.

Operating budget needs to = Revs coming in

Coming from you? That's so great...!

Harldy a smartass on here. Speak my mind. Give facts as opposed to fairy dust farts you offer.

True. In fact I saw an article yesterday on Paulick Report or Equidaily -- one of them -- that reported that NJ Racing only started losing money at all after 2007, when the surrounding states were getting slots at their tracks, and NJ tracks were forbidden to do so by the State government.

That was also the rationale of the "subsidy" from A.C. -- that the casinos would pay the tracks not to put in slots.

How much more straightforward can this be?

“(The New Jersey Sports and Exposition Authority) is out of money,” Hanson said. “It’s not the role of the state to subsidize but to work with the private sector.”

I love horse racing. But why should horse racing not have to stand on its own? So a homeless shelter or early start programs for kids aren't funded? These are things Christie is proposing.

http://www.bloodhorse.com/horse-raci...mission-report

NOW is the issue, not then. There used to be 25k at the Big M on a Wednesday in the 70's....That's not today. I live in the NOW.

You are indeed as big a smart ass as there is on here regularly delivering the most negative responses about anything and everything in the game.

But it's OK for Trenton to subsidize the casinos for decades? That's OK?

Boosting racing interests via the casino skim has a positive influence on the state's economy that likely pays back the alleged subsidy.

The fact that you can't see the state of the game in its current state as broken is your own faulty thinking, not mine. I put my money where my mouth is. Including financially donating towards this site almost every year of its existence. Just as a token of appreciation for having it.

And what do I get exactly?

Basically the "canard police" around every corner. The fact that Frankel cheated, something Brown has said for years, wiped away if mentioned b/c he's either dead or a friend.

-talk about takeout, a canard
-talk about racing surviving in its current state, non sequior

I don't have a problem. I could give a **** if you have a problem with me. I'm honest to a T on here. There is an ignore button if you want to use it, go ahead. In the meantime, there are lots of people who agree with me wholeheartedly but won't post as much to upset the board cabal.

Where did I say it was OK to subsidize the casinos? No where. Get a grip. I am not for anything that is broken, including the dump that is AC.