N.Y. Senate to address OTB plan Tuesday; shutdown deadline nears
By Matt Hegarty
The New York Senate will return to Albany on Tuesday to address a bill that would enable the bankrupt New York City Off-Track Betting Corporation to implement a reorganization plan, according to Senate leaders. But officials for Gov. David Paterson said the promise to return on Tuesday is not enough to avert a shutdown of the corporation’s branches and account-wagering operation at the close of business today.
Despite the vow, Jessica Bassett, a spokesperson for Gov. David Paterson, said that the state has not been assured that the bill would pass, citing the need for the Democrats to secure votes from Republicans. Therefore, New York City OTB will go ahead with its plans to shutdown at the close of business Friday.