New York fighting the NYRA Bankruptcy

[Downthestretch55]

Originally Posted by sumitas

"In page after page of its motion, the state lays out a case in which it insists NYRA since 1955 has served as an arm of the state government. It notes NYRA was originally created by the state to preserve Thoroughbred racing in New York and to provide revenue to the state. Since 1955, by NYRA’s own admission, NYRA has paid more than $470 million in local taxes and more than $2.6 billion in direct taxes to the state."

It is odd that "an arm" of state government pays property taxes.

Sumitas,
I usually agree with you. This time, it looks to me like Williams is playing two roles. Nader doesn't seem concerned.
The state has demonstrated involvement (interest) and oversight.
I'll watch to see how this shakes out.

btw, did you get your new copy of the NY stallion directory? It's free from the site. Suzie O'Cain has a real nice story about their High Cliff teaser, Say I'm Smart. Story title, "Blue Mare Season". A good read.