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

[pointman]

Originally Posted by freddymo

The Highway Authority has operated a business that has poured money to the state. You know the guys that take the toll money. I havent blamed the current NYRA managemment once. The states in trouble that means NYRA is in trouble period. BTW laws get chaged all the time..Look NYRA will get the hand out they are requesting. I never thought for a minute they wouldnt..It is sad to see the negative "we are goiing out of business" publicity

If NYRA doesn't have the cash to operate after the Belmont, how can you criticize them for handing out legally mandated warn notices in the minimum period of time required to cease operations at that time? The bad guy is the Legislature for allowing both themselves and OTB to put NYRA in this position.

[the_fat_man]

Originally Posted by pointman

The bad guy is the Legislature for allowing both themselves and OTB to put NYRA in this position.

One would think that after all those years of dealing with the Legislature the NYRA camp would have a clue. Like, maybe they shouldn't have given up the rights to the land for what, effectively, is looking like a big, fat NOTHING. Who exactly is responsible for that decision?

So, say the state loses the gambling revenue. They still have the land. And this is a lot better than some promises from douchebags.

[freddymo]

Originally Posted by pointman

If NYRA doesn't have the cash to operate after the Belmont, how can you criticize them for handing out legally mandated warn notices in the minimum period of time required to cease operations at that time? The bad guy is the Legislature for allowing both themselves and OTB to put NYRA in this position.

Stop you can give outthe notice and you can give out the notice.. NYRA is being ridiculous they should be saying.."we understand the State is in intense budget talks and we respect that the State has major issues, yet we will need them to honor their commitment to fund NYRA especially enlue of the OTB crisis which has drained 18 million in revenue from NYRA. NYRA will require the State to honor their commitment and finance NYRA until VLT's at Aqueduct are operational" Instead we got "hi the Belmont stakes is June 5th deposit money immediately to play the big pik 4's and 6 and we will be out of business on the 6th have a nice day."