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Old 05-22-2010, 08:31 PM
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Cannon Shell Cannon Shell is offline
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Quote:
Originally Posted by parsixfarms View Post
That's a very fair question; one that I really don't have an answer for.

However, having fought hard for the franchise and for a change in its corporate status, I'd like to think NYRA had other alternatives to only pinning its hopes for continuing racing on getting legislative relief (whether it's owed that money contractually or morally is really besides the point when dealing with Albany pols). And as I said earlier, against the NYCOTB back-drop, I think NYRA has painted itself into such a corner that, if some alternative did exist aside from legislative action for a loan or some other funding stream, NYRA probably couldn't exercise it. Because this should have been an easy lift and it hasn't been accomplished so far, I get a bad feeling about it. Patterson saying that something will get done is just BS; it's the legislature that needs to agree, and when Shelly Silver is involved, there's always a price to pay.
I am hardly an expert on NYRA's business and the complexities of the contracts between the various entities that it deals with. But what alternatives do they have if the largest business partner that thay have (and have no choice to end the relationship) has the ability to not fulfill its obligations? The alternative that would have given them the ability to carry on has been screwed up by the state for 9 years. Again, in theory, what would have been the realistic alternatives?
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