The NYRA is trying to get a loan for $50mm even though they have filed for bankruptcy. Of course, they are going to have to put up some collateral. And what are they using as collateral....well the tracks. NYRA was hoping to slip this by today but the court (Judge Peck) decided to wait until Feb 6th to decide which party owns the land. The bankruptcy hearing or the case being dismissed is going to be on Jan 19th.

But you have to love the NYRA trying to secure a loan while filing for bankruptcy.

Here is the link to the story.

http://www.drf.com/news/article/81706.html