NYPost: Cuomo to solicit bids; No criminal wrongdoing in takeout snafu

[Kasept]

http://www.nypost.com/p/news/local/g...Jl7I4fjg2K89JM

Cuomo, who will sign legislation within days giving the state control of NYRA’s board of directors, plans to seek public bids for a new operator to replace NYRA, a not-for-profit corporation, from for-profit companies with deep experience in the racing and/or entertainment industries, sources said.

The IG report concluded that no criminal conduct occurred and that a successful Civil Court action was unlikely, the source said.

[Calzone Lord]

Who is expected to bid?

[Kasept]

Originally Posted by Calzone Lord

Who is expected to bid?

State officials believe operators of such prestigious tracks as Churchill Downs, site of the Kentucky Derby, and Santa Anita Park, in Arcadia, Calif., as well as the managers of major entertainment destinations, will pay huge fees to run the three New York tracks.

[Calzone Lord]

Oh, great.

[pmayjr]

Stronach ;p

[Calzone Lord]

I'm a big fan of his energy drink and his Internet Horse Racing League. Almost bought a Team Red Bullet Jersey.

[OTM Al]

Originally Posted by Kasept

State officials believe operators of such prestigious tracks as Churchill Downs, site of the Kentucky Derby, and Santa Anita Park, in Arcadia, Calif., as well as the managers of major entertainment destinations, will pay huge fees to run the three New York tracks.

The better question is, who in their right mind would bid considering that the State has shown that they will not honor the contracts and deals they have made? There was a system of due process built into the original contract. It was not followed. The deal struck when the State violated the contract the first time was that control would be returned to the franchise in 3 years. Now they would violate this as well? And they expect someone just to pony up millions for such a privilege?

[Brilliance]

Originally Posted by OTM Al

The better question is, who in their right mind would bid considering that the State has shown that they will not honor the contracts and deals they have made? There was a system of due process built into the original contract. It was not followed. The deal struck when the State violated the contract the first time was that control would be returned to the franchise in 3 years. Now they would violate this as well? And they expect someone just to pony up millions for such a privilege?

OTM Al,will the adw( NYRA )be affected by any of this?

[OTM Al]

Originally Posted by Brilliance

OTM Al,will the adw( NYRA )be affected by any of this?

No idea. Don't work there. I would guess not, at least in the short term, but who knows. A better question is why are they only allowed to take customers from NY and CT? Surely if the State wants them to stand on their own without slots, then they should be allowed to sell their product wherever it is legal to do so.