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  #1  
Old 05-23-2010, 09:44 PM
blackthroatedwind blackthroatedwind is offline
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Jean Georges.
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Just more nebulous nonsense from BBB
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  #2  
Old 05-23-2010, 09:50 PM
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pointman pointman is offline
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Jean Georges.
I might take him up on that. Did you leave early today in disgust after Ramon's ride in the 9th?
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Old 05-23-2010, 09:53 PM
blackthroatedwind blackthroatedwind is offline
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I might take him up on that. Did you leave early today in disgust after Ramon's ride in the 9th?
No, I was exhausted.

That was an odd ride. I wonder if she just took off on him. He doesn't ride like that.
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Old 05-23-2010, 10:25 PM
freddymo freddymo is offline
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Jean Georges.
Ever since you went to Longchamps your French has been wonderful. Make reservations for 1/2/2012
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  #5  
Old 05-23-2010, 10:46 PM
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Ever since you went to Longchamps your French has been wonderful. Make reservations for 1/2/2012
I'm in!
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  #6  
Old 05-24-2010, 01:34 PM
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Kasept Kasept is offline
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Paterson proposes $25M loan to NYRA
By Matt Hegarty

New York Gov. David Paterson has proposed legislation that would allow the New York Racing Association to borrow $25 million from a line of credit that is being offered to fund construction of a casino at the association's Aqueduct racetrack, according to the governor's office.

The proposal would shore up NYRA's financial position amid contentions by the association that it is in danger of running out of cash this summer. Last week, NYRA sent out notices to its 1,400 employees informing them that it was considering closing its tracks on June 9 due to the cash squeeze.

Paterson's proposal would allow NYRA to use $25 million of a $250 million loan that the state has already guaranteed to fund the construction of the Aqueduct casino "for services and expenses" at NYRA's three tracks, according to a memo prepared for the legislation by Paterson's office.

NYRA would be required to pay the loan back by March 31, 2011, or within 30 days of the state signing an agreement with the operator of the casino. If the loan is not repaid by March 31, the memo says, then the state's lottery would be required to pay the money back to the state using proceeds that NYRA has been promised from the casino's operating revenues. NYRA and its horsemen will receive approximately 13 percent of the casino's net revenues once it is up and running.

According to the memo, the loan would be advanced to NYRA once the legislation is passed.
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Old 05-24-2010, 02:56 PM
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Cannon Shell Cannon Shell is offline
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Ever since you went to Longchamps your French has been wonderful. Make reservations for 1/2/2012
I'll have the Blanquette de veau
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Old 05-24-2010, 09:05 PM
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Legislature approves advance..

Now they can turn their attention to the $17 million (to NYRA) and $3 million (to NY breeders) that the NYC OTB scum are holding hostage.
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Old 05-24-2010, 09:11 PM
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Princess Doreen Princess Doreen is offline
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http://www.bloodhorse.com/horse-raci...m_medium=email
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Old 05-25-2010, 09:31 AM
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Finalized this morning...


State lawmakers approve NYRA loan
By Matt Hegarty

The New York legislature approved a $25 million loan to the New York Racing Association as part of an emergency budget appropriation late on Tuesday, according to Morgan Hook, a spokesman for Gov. David Paterson.
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  #11  
Old 05-25-2010, 11:57 AM
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Originally Posted by Kasept View Post
Finalized this morning...


State lawmakers approve NYRA loan
By Matt Hegarty

The New York legislature approved a $25 million loan to the New York Racing Association as part of an emergency budget appropriation late on Tuesday, according to Morgan Hook, a spokesman for Gov. David Paterson.
Of course, it is not a shock that this got done, though a bit shocking that the legislature didn't wait until the day before the Belmont Stakes. I can't believe I am saying this, but now that Patterson is a lame duck he is actually starting to become somewhat effective as he no longer needs his corrupt Democrat former pals and is beginning to push for the right things, for one example, lowering the budget via spending cuts.

It seems to me that now would be a pretty good time for NYRA to push to merge NYCOTB into NYRA's operations as they may actually get Patterson to push to do the right thing here. If the media jumps on board and exposes the bloated patronage machine that NYCOTB is, combined with the fact that Frucher has burned his bridges in Albany, it would seem like it is possible it could get done.
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