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

[pointman]

Originally Posted by Kasept

These aren't threats at this point. They're facts. The Association will run out of money, period, unless the state lives up to its' commitments. Albany's allowance for NYC OTB's ineptitude and selfishness, and the state's long-running inability to follow through on the VLT deal has created this situation, and NYRA is not playing some brinksmanship game. They're stating the reality.

I don't doubt that for a second, Steve. But we both know that the legislature won't do anything until the last second and there is little chance that they will let NYRA run out of money.

I do agree that it is sad that NYRA has to resort to grovelling to get these morons to live up to their obligations. The silver lining in the clouds may be that as NYCOTB continues to fight the legislature and fail to provide them will the real financials, they may just overplay their hand enough to get the legislature to hand over their operations to NYRA. Though, I know that may be a little too wishful as I doubt these legislators will give up their patronage machine easily.