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Originally Posted by whodey17
Sad day in New York racing in my opinion. Writing off $120 million in bad debt-laughable. I am sure the people in New York who do not care about racing really appreciate their tax dollars being forgiven. And addition $105 million in direct aid. For a grand total of $205 million--this is hilarious. How on earth can you have confidence in a group who needs $225 million in order to operate.
“I don’t think we’ll be bailing them out anymore," said Assemblyman Gary Pretlow, chairman of the Assembly racing committee. This might be the most hilarious statement I have read in a really long time. I would wager my house that the NYRA will be back to the state in 5 years asking for money. The peple running NYRA have no clue what they are doing when it comes to a successful business model.
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You don't have worry so much about New Yorkers and their tax dollars. You obviously didn't bother reading the legislation so you missed the part where the VLT operator will be paying the state that $105 million.
The state, former Gov. Pataki and Lottery Division head Jeff Perle should all just consider themselves lucky that NYRA did not push the conspiracy lawsuit they had lined up. Because they had a case...
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Last edited by Kasept : 02-14-2008 at 10:45 AM.
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