Got to love the NYRA......

Originally Posted by Rudeboyelvis

They obviously feel they do in fact own the tracks. Securing a loan using them a colateral would further prove their point.
It's quite brilliant. They've got nothing to lose and everything to gain. Though I can't imagine that there's a banking institution that would go for it...

It was a brillant attempt. Could you imagine being GE Capital and funding the loan then finding out that the NYRA doesnt own the tracks. The NYRA would be in even more trouble. It is just troubling to me that they always need loans to operate.