NYRA Deal Passes NY Legislature

[theiman]

Originally Posted by Kasept

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...

Nice for the Moderator/Owner of the forum to insult his posters.

I have a question. Since NYRA no longer has a claim to the land, who gets the proceeds from the sale of the property at the Big A. It was in the NYRA Disclosure report issued last Novemeber. NYRA showed a gain of $15M from the sale of the land at the Big A. With this gain NYRA showed a projection for 2008 of a break even year. Without this gain NYRA's projections would now show a loss, of $15M. Nice start to a company coming out of Chapter 11.
Good luck to the residents of NY state when the 2nd bailout is needed.