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Originally Posted by oracle80
Exceller you are about two years behiind the Clinton thing, for real. hes been with them for over two years. And Spitzer doesnt have the whole say. fact is, they own the land. They have 50 years of property tax bills to prove it. Some pretty shrewd legal minds have examined this and precedent tried and true in these land ownership matters is that they guys who pay teh property tax own the land. Imagine if the state had to repay 50 years of property tax with compounding interest? How many billions would that be?
In the end that dispute will cause Nyra to retain the franchise in a new structure, bringing in a gaming company to run the slots.
Lemme give you another little hint about politicos, there is nothing they like better than influence and control. They sell the franchise rights to a private interest group, and they no longer have any control over NY racing. Like THATS gonna happen.
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Clinton has been with them for two years but NYRA had the contract. That contract is now just about up. That franchise is gone. 100% positive on that. Both NY Senators are now in with the Stronach people and the incoming governor wants Stronach to get it. Private business always wins out. The issue now is just the price they have to pay and what cut the state is going to keep of the slots. THEY DO NOT OWN THE LAND EITHER. The legislature says the state owns the land and I have a feeling the taxpayers are going to say the government owns the land too. BYE BYE NYRA. It is about time that corrupt group hit the road.