UPDATE: State meets obligation to NYRA; Legislature OK's advance

[freddymo]

The thought that NYRA is any different than other sadly underfunded and ignored State obligations is flawed.. I want NYRA to succeed I dont want them to fail. I want great racing in NY but that isnt the point. I understand your points and agree NYRA is in a bad place. You still need to be able to run a product on its on merits and not on the possiblity of VLT's.
BTW I find it interesting that 2 of the most successful african american businessmen in the world are 2 of the 5 potential bidders. You think it is going to be easy for any of these potential bidders to get 400 mil to the State in a snap. What happens if the ecnomy takes another shiit in 9 months and the process continues to be delayed.. NYRA just keeps on coming to the State?

[Cannon Shell]

Originally Posted by freddymo

The thought that NYRA is any different than other sadly underfunded and ignored State obligations is flawed.. I want NYRA to succeed I dont want them to fail. I want great racing in NY but that isn't the point. I understand your points and agree NYRA is in a bad place. You still need to be able to run a product on its on merits and not on the possibility of VLT's.
BTW I find it interesting that 2 of the most successful african american businessmen in the world are 2 of the 5 potential bidders. You think it is going to be easy for any of these potential bidders to get 400 mil to the State in a snap. What happens if the ecnomy takes another shiit in 9 months and the process continues to be delayed.. NYRA just keeps on coming to the State?

That isnt true. NYRA has provided tremendous revenue streams to the state and deeded them 1 billion dollars worth of land. That makes them a whole lot different.

Despite the evidence to the contrary you and many others refuse to see that VLT's ARE are a piece of it's "merits". The state passed a law in 2001 allowing specific business to have these things. NYRA is one of those businesses. It's competition (both in state and out of state) has VLT's. That makes it a valid issue. And you cant just ignore the fact that NYCOTB refuses to pay. That is a significant amount of money to lose.

[freddymo]

Originally Posted by Cannon Shell

That isnt true. NYRA has provided tremendous revenue streams to the state and deeded them 1 billion dollars worth of land. That makes them a whole lot different.

Despite the evidence to the contrary you and many others refuse to see that VLT's ARE are a piece of it's "merits". The state passed a law in 2001 allowing specific business to have these things. NYRA is one of those businesses. It's competition (both in state and out of state) has VLT's. That makes it a valid issue. And you cant just ignore the fact that NYCOTB refuses to pay. That is a significant amount of money to lose.

2001 is forever ago. You have to let this go quoting 2001 laws that have not been implemented is crazy. The world has changed so much since what was passed in 2001. What good is saying abortion is legal if nobody got one for 10 years because of one thing or another?

BTW NYRA didnt give the government a PENNY gamblers did all NYRA did was oversee the transfer from pocket A to pocket B... Giving them a bunch of credit for there horrible operations 9 years ago is invalid.. The current guys have been ok but lets not forget just how sorted NYRA PAST is!

[Cannon Shell]

Originally Posted by freddymo

2001 is forever ago. You have to let this go quoting 2001 laws that have not been implemented is crazy. The world has changed so much since what was passed in 2001. What good is saying abortion is legal if nobody got one for 10 years because of one thing or another?

BTW NYRA didnt give the government a PENNY gamblers did all NYRA did was oversee the transfer from pocket A to pocket B... Giving them a bunch of credit for there horrible operations 9 years ago is invalid.. The current guys have been ok but lets not forget just how sorted NYRA PAST is!

Stop mixing meds. The law is the law period. The law HAS been implemented in the state yet NYRA has been prohibited from implementing VLT BECAUSE of the action of the state. That is not my opinion, it is the facts. NYRA operated a business for 1/2 a century that has poured billions of dollars into the state coffers. Another fact. Giving credit or assigning blame to NYRA or its management is a moot point. The state has created this mess and done a huge disservice to the people of the state of NY. Now they want to not live up to its commitment. Sure Freddy, its all that bad management at NYRA that has caused the state of NY to elect morons.

[freddymo]

Originally Posted by Cannon Shell

Stop mixing meds. The law is the law period. The law HAS been implemented in the state yet NYRA has been prohibited from implementing VLT BECAUSE of the action of the state. That is not my opinion, it is the facts. NYRA operated a business for 1/2 a century that has poured billions of dollars into the state coffers. Another fact. Giving credit or assigning blame to NYRA or its management is a moot point. The state has created this mess and done a huge disservice to the people of the state of NY. Now they want to not live up to its commitment. Sure Freddy, its all that bad management at NYRA that has caused the state of NY to elect morons.

The Highway Authority has operated a business that has poured money to the state. You know the guys that take the toll money. I havent blamed the current NYRA managemment once. The states in trouble that means NYRA is in trouble period. BTW laws get chaged all the time..Look NYRA will get the hand out they are requesting. I never thought for a minute they wouldnt..It is sad to see the negative "we are goiing out of business" publicity

[parsixfarms]

Originally Posted by freddymo

The Highway Authority has operated a business that has poured money to the state. You know the guys that take the toll money. I havent blamed the current NYRA managemment once. The states in trouble that means NYRA is in trouble period. BTW laws get chaged all the time..Look NYRA will get the hand out they are requesting. I never thought for a minute they wouldnt..It is sad to see the negative "we are goiing out of business" publicity

On the heels of NYCOTB "bluffing" the pols in Albany, if NYRA does not get the cash from the State, they have really backed themselves into a corner where, from a political standpoint, they probably have to shut-down (or else their credibility in Albany will be same as that of NYCOTB).

My cynical fear is that (1) there are still a number of people in Albany who think NYRA never should have received the franchise extension in the first place, and (2) if this Albany-created "cash crisis" results in a cessation of racing, that may be used as a back-door way to try to take the franchise away from NYRA. The litigation that would result from that would cripple NY racing for a long time.

[pointman]

Originally Posted by parsixfarms

On the heels of NYCOTB "bluffing" the pols in Albany, if NYRA does not get the cash from the State, they have really backed themselves into a corner where, from a political standpoint, they probably have to shut-down (or else their credibility in Albany will be same as that of NYCOTB).

My cynical fear is that (1) there are still a number of people in Albany who think NYRA never should have received the franchise extension in the first place, and (2) if this Albany-created "cash crisis" results in a cessation of racing, that may be used as a back-door way to try to take the franchise away from NYRA. The litigation that would result from that would cripple NY racing for a long time.

Save for the fact that we all know that NYRA will get the cash, what has NYRA done so bad since being awarded the franchise that would concern the morons who were against them, let alone try to void NYRA's franchise agreement?

[pointman]

Originally Posted by freddymo

The Highway Authority has operated a business that has poured money to the state. You know the guys that take the toll money. I havent blamed the current NYRA managemment once. The states in trouble that means NYRA is in trouble period. BTW laws get chaged all the time..Look NYRA will get the hand out they are requesting. I never thought for a minute they wouldnt..It is sad to see the negative "we are goiing out of business" publicity

If NYRA doesn't have the cash to operate after the Belmont, how can you criticize them for handing out legally mandated warn notices in the minimum period of time required to cease operations at that time? The bad guy is the Legislature for allowing both themselves and OTB to put NYRA in this position.

[the_fat_man]

Originally Posted by pointman

The bad guy is the Legislature for allowing both themselves and OTB to put NYRA in this position.

One would think that after all those years of dealing with the Legislature the NYRA camp would have a clue. Like, maybe they shouldn't have given up the rights to the land for what, effectively, is looking like a big, fat NOTHING. Who exactly is responsible for that decision?

So, say the state loses the gambling revenue. They still have the land. And this is a lot better than some promises from douchebags.

[freddymo]

Originally Posted by pointman

If NYRA doesn't have the cash to operate after the Belmont, how can you criticize them for handing out legally mandated warn notices in the minimum period of time required to cease operations at that time? The bad guy is the Legislature for allowing both themselves and OTB to put NYRA in this position.

Stop you can give outthe notice and you can give out the notice.. NYRA is being ridiculous they should be saying.."we understand the State is in intense budget talks and we respect that the State has major issues, yet we will need them to honor their commitment to fund NYRA especially enlue of the OTB crisis which has drained 18 million in revenue from NYRA. NYRA will require the State to honor their commitment and finance NYRA until VLT's at Aqueduct are operational" Instead we got "hi the Belmont stakes is June 5th deposit money immediately to play the big pik 4's and 6 and we will be out of business on the 6th have a nice day."

[Cannon Shell]

Originally Posted by freddymo

The Highway Authority has operated a business that has poured money to the state. You know the guys that take the toll money. I havent blamed the current NYRA managemment once. The states in trouble that means NYRA is in trouble period. BTW laws get chaged all the time..Look NYRA will get the hand out they are requesting. I never thought for a minute they wouldnt..It is sad to see the negative "we are goiing out of business" publicity

The highway Authority? Isnt the highway Authority a function of the state? Doesnt the state "own" the highways? What's next the dept of taxation? Those arent businesses.

The law isnt nor will it be changed. You know that. Handout? LOL. Your grasp of the situation seems on par with the Daily News editorial boards. That is not a compliment.

NYRA is simply playing by the rules of engagement of politics in NYS. Really what choice have they been given?

[pointman]

Originally Posted by Cannon Shell

Really what choice have they been given?

This appears to be what many don't get.

[freddymo]

Originally Posted by Cannon Shell

The highway Authority? Isnt the highway Authority a function of the state? Doesnt the state "own" the highways? What's next the dept of taxation? Those arent businesses.

The law isnt nor will it be changed. You know that. Handout? LOL. Your grasp of the situation seems on par with the Daily News editorial boards. That is not a compliment.

NYRA is simply playing by the rules of engagement of politics in NYS. Really what choice have they been given?

The state owns NYRA make no mistake about it. NYRA is as independant as my 6 year old son. They rake as told, they expand or contract as told, basically they are an oversight group. The funny part is you all think I am ANTI NYRA ? Why would I be? The new group is wonderful but to think the guys running the park system are less entitled to the states money is comical at best?

[pointman]

Originally Posted by freddymo

The thought that NYRA is any different than other sadly underfunded and ignored State obligations is flawed.. I want NYRA to succeed I dont want them to fail. I want great racing in NY but that isnt the point. I understand your points and agree NYRA is in a bad place. You still need to be able to run a product on its on merits and not on the possiblity of VLT's.
BTW I find it interesting that 2 of the most successful african american businessmen in the world are 2 of the 5 potential bidders. You think it is going to be easy for any of these potential bidders to get 400 mil to the State in a snap. What happens if the ecnomy takes another shiit in 9 months and the process continues to be delayed.. NYRA just keeps on coming to the State?

If NYRA was being paid by OTB they would not be asking for this money, they are only asking for the amount of money owed to them by OTB which indicates to me that NYRA can be self sufficient. As Chuck pointed out, NYRA would ordinarily just cut off the signal to NYC OTB, but they can't under NY State law

As for your other point, I haven't heard Yonkers or Saratoga harness asking for any money from the State and they make a fraction of what NYRA does off of betting pools. I seriously doubt that NYRA will need anything from the State once the casino is running, it is hard to believe that a casino will fail in Ozone Park, New York.

[freddymo]

Originally Posted by pointman

If NYRA was being paid by OTB they would not be asking for this money, they are only asking for the amount of money owed to them by OTB which indicates to me that NYRA can be self sufficient. As Chuck pointed out, NYRA would ordinarily just cut off the signal to NYC OTB, but they can't under NY State law

As for your other point, I haven't heard Yonkers or Saratoga harness asking for any money from the State and they make a fraction of what NYRA does off of betting pools. I seriously doubt that NYRA will need anything from the State once the casino is running, it is hard to believe that a casino will fail in Ozone Park, New York.

So you repping that NYRA's business model without VLT's is viable? You are right Ozone Park will support people getting wied out very well. Again I would love NYRA to do well. I wished they ripped out 75 dates and concentrated the purse money but they were beaten to the punch. Sunday's card is unbettable even if MP wasnt running a terrific card.