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Originally Posted by blackthroatedwind
There seems to be a major disconnect going on here. NY Racing, aside from the obvious jobs it provides in NY State, also contributes enormous revenue to the State. This is undeniable and should be obvious. The money needed for the " bailout " is a LOAN, something that is done by the State in many situations, and will be paid back.
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You really think it will be paid back--I really hope it is, but I think it will be like most situations -- it will be forgiven. The difference between loaning money to a non-prodfit and to a profit company is that the tax revenue is much higher for a profit company than a non-profit.