Yesterday, the latest chapter of this story was made public. Apparently, Cuomo “plans to seek public bids for a new operator to replace NYRA, a not-for-profit corporation, from for-profit companies with deep experience in the racing and/or entertainment industries.” Apparently, candidates among the "for profit" entities being considered are Churchill Downs, Magna, Formula One, and Madison Square Garden.
Earlier today, in a thread at Paceadvantage.com CJ Milkowski posted a link to an editorial penned by Tom Noonan titled Latest "fix" for New York Racing.
Here's a link:
"Why not let Churchill Downs compete with Santa Anita, with Formula One, with Madison Square Garden for the best operation of the tracks?
Well, I can think of several reasons. First, and foremost, is that thoroughbred racing in New York has been among the best - I would argue the best - in this country for many years. It is an industry with thousands of jobs throughout the state, and one entire region that is heavily dependent on racing for its economic vitality. If there are going to be major changes in the running of that industry, there should at first be an open and full discussion, not changes announced by executive fiat through a trusted reporter. Let us not forget that the state government’s taking control of racing was accomplished by a heavy-handed campaign of threats and intimidation and rushed through the State Legislature in a matter of days..."--end quote
As always, your commentary and opinions are welcomed.