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

[Cannon Shell]

Originally Posted by parsixfarms

But what do the members of the NYRA Board of Trustees see the mission as being? I doubt Phipps sees the mission of NYRA to create revenue for the state.

Do you really think it is in the best interests of NYRA for its board to fund it in leiu of money owed to them from the state and OTB? That seems like political suicide.

[parsixfarms]

Originally Posted by Cannon Shell

Do you really think it is in the best interests of NYRA for its board to fund it in leiu of money owed to them from the state and OTB? That seems like political suicide.

It's a better alternative to shutting down. Admittedly, neither is very attractive, but if they shut down, I'm guessing some genius in state government will be looking at some of those performance metrics that Bruno had placed in the franchise extension, and then try to take the franchise from NYRA. And the litigation that will follow would last forever.