You have to remember the tracks own the races. You just cant move the Stephen Foster to Delaware, or the Whitney to Meadowlands. The tracks NYRA owns all the races. Some of the races have been run for decades. But I do have a problem with the Grading System. To me it should be about money

Grade I - $750k and up
Grade II - $250k - $749k
Grade III - $100 - $249k