Got to love the NYRA......

[sumitas]

The NYRA has paid lots of taxes for many years on what is probably their property. I don't think the state will be able to get around that.

To me the case on who owns the property is more intriguing than who gets the license to operate the tracks. I for one, believe the NYRA owns the tracks, however the state make a very good point on why they own the property. For example, I still own the propery and bulidng that my old store is on. But I do not pay the taxes. Triple SSS Tire Corporation pays the taxes. Then again, I had that written into the contract.

[Sightseek]

Originally Posted by eurobounce

To me the case on who owns the property is more intriguing than who gets the license to operate the tracks. I for one, believe the NYRA owns the tracks, however the state make a very good point on why they own the property. For example, I still own the propery and bulidng that my old store is on. But I do not pay the taxes. Triple SSS Tire Corporation pays the taxes. Then again, I had that written into the contract.

If only careful eyes had reviewed the renewal contract.