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Originally Posted by jman5581
Nevermind, I see upon further review that the main fixture of the Spitzer deal was for the state to have the racetrack property while NYRA received some forgiveness of debts, etc (approx. $130M). Was that a good deal?!?!?!?!
It sounds like these guys are going to have to work together in the future. NYRA's going to get to run racing most likely, but you can see how the corporations are going to be used to bring in the slots and make the state more money.
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jman hit the nail on the head. Spitzer needed to settle the land claim issue and he did so. Spitzer left open the possibility of another group running the slots part of the deal. I don't think there's any way another group gets the racing franchise because the land ownership issue will blow up in their face, so to speak.
