Empire challenges rumored NY franchise plan

[whodey17]

I have lost touch with this issue over the past couple of months, but it seems interesting to me that Spitzer wants NYRA to give up their claim to the land in exchange for the renewed contrat to run the horse racing side. Here is what I find interesting

"In its current bankruptcy court proceedings, NYRA claims ownership of the three tracks. Industry insiders say the Spitzer administration is concerned about losing the legal fight over the land claims and would rather work out a deal in which NYRA would keep the racing side of the franchise in exchange for giving up the track claims. The Spitzer administration is also demanding that the current NYRA board resign in return for another franchise and a new management structure be put in place."

Now why would NYRA give up their claim to the land. When I sold my business, I made sure to keep control of the land. I just charge the new company "rent." The NYRA could make a great deal of money on renting the land to the horse racing operator and or the VLT operator. Doesn't make sense to me why the NYRA would give up their claim.