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Originally Posted by whodey17
Not trying to incite anything. I am voicing my opinion. I do not believe in gov't bailouts at all. If this new business model is such a great idea then why not just suspend the payments on the loan? Why do they have to forgive the $120 million. I also do not believe that the NYRA should be a not-for-profit entity. Red Cross, Salvation Army and charaties like those should be the only NFP--not a horse racing industry. I also would like to see the NYRA be more creative in cost cutting measures and money management. Time will tell---but in 5 years I predict they (NYRA) will be out of cash once again.
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What you are, among other things, is selective. You aren't viewing the entire picture, but instead choosing a very small piece, one that you don't understand at all, and harping on it to draw attention to yourself.
Without detailing the tax dollars that NYRA has brought to the State in the past, and explaining legislative hinderances that have encumbered NYRA while also detailing how other States ( like Kentucky for instance ) have aided the Thoroughbred industry through tax breaks, you are only telling a very small part of the story.
You also choose to completely ignore, as Steve alluded to, that NYRA was prevented from having slot machines by the very government that granted them to
every other racetrack in the State. Had they been treated in the same manner, by the government, as all these other establishments, not only would these monies not be necessary, but the State of NY would have realized a great deal of other tax revenues. I don't hear you crying for the citizens of NY that were denied these dollars by the very government that you confusedly believe is handing out money to NYRA that you ignorantly compare to the Red Cross and Salvation Army.
Beyond this, you are making the usual simple minded mistake of lumping every leadership of NYRA together......as though the main people in charge today are the same as the different stewards NYRA has had in the past. This is a complete perversion of the truth. The existance of racing in NY State is of the utmost importance to the entire industry that many of us love and rely on for our livelihood. I defy you to tell me, specifically, which people you believe should be running racing in NY other than Steve Duncker and Charlie Hayward.