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Old 02-13-2008, 12:18 PM
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Kasept Kasept is online now
Steve Byk
 
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NYRA, legislature reach agreement
By MATT HEGARTY


http://www.drf.com/news/article/92248.html

The New York Racing Association and state legislative leaders have reached an agreement on a long-term extension to the association's franchise, averting a possible shutdown of racing at Aqueduct, according to officials involved in the negotiation.

The agreement, which would extend NYRA's franchise for 25 years in exchange for the state taking undisputed title to NYRA's three racetracks, was reached after two days of intense negotiations in Albany. A 190-page bill outlining the terms of the agreement was scheduled to go to the floor of the state legislature on Wednesday.

The agreement will bring to a close a tumultuous three-year battle over the fate of the franchise, which includes the right to operate Aqueduct, Belmont, Saratoga, and a yet-to-be-built casino at Aqueduct.

COMPLETE NY SENATE BILL:
http://assembly.state.ny.us/leg/?bn=A09998&sh=t
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Old 02-13-2008, 12:21 PM
blackthroatedwind blackthroatedwind is offline
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It's nice to see that Bruno was able to secure a spot on NYRA's board for an officer of the NY State OTB Corporation......a group that acts, despite their legislated raison d'etre, as a competitor of NYRA. How convenient and fair for them to be privy to the contracts that NYRA negotiates.
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Old 02-13-2008, 12:26 PM
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pgiaco pgiaco is offline
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Did you want Bruno to give up without leaving a little slime trail?
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Old 02-13-2008, 01:13 PM
sumitas sumitas is offline
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According to bloodhorse.com , There will be some VLT money shared with harness tracks that have casinos. I know Tioga and Vernon Downs need help.

Last edited by sumitas : 02-13-2008 at 01:33 PM.
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