Steven Crist

[pmacdaddy]

Originally Posted by Stall Mucker

Crist has a good article on the NYRA franchise now that it is "settled".

http://www.drf.com/drfNewsArticle.do?NID=92318

An additional question I have is: If I am NYRA, and now a renter of property, why would I be interested in spending millions and millions to fix all that needs fixin?

I would think NYRA basically ceases to exist without the franchise, so beyond the next 25 years the key to survival will have to be improved facilities, product and revenues. Don't think it really matters who "owns" the properties from that standpoint. Of course they lose the land claim leverage for next renewal (which is a biggie).