NYRA Knockers TAKE THIS!!!

[blackthroatedwind]

Originally Posted by Revolution

Yeah, they could take the horse shuttle, or a private car service and charge the taxpayer $100 for the trip. LOL.


If NYRA is so great, why can't they do this as a for profit. Why do they need to be a non-profit?

I am glad you have at least begun to admit your deficiencies.

NYRA was set up as not-for-profit by the State. The argument for Not-for-Profit vs. For-Profit is an extensive, and actually quite interesting, one. In essense, the feeling is that the most successful model for running a racetrack is not-for-profit as in that model any " profits " are put back into the track as opposed to investors' pockets.

The real reason this is such an especially big issue in the case of the franchise for racing in NY State is that enormous profits will soon be generated from Slots. NYRA feels any money the " franchise " ( whomever is running it ) earns from the Slots should be returned to the racetracks ( better purses, capitol improvements, etc ) while those desiring a For-Profit model would like to take that money out of racing.

The vast majority of the most successful racetracks in North America are Not-For-Profit.

To me one of the most interesting things about this situation is that in the past one of the reasons NYRA maintained the franchise is that there were simply no other bidders. Coincidentally, many other bidders showed up when Slots were introduced to the equation. These same people are also only interested in " running " the franchise if it is changed to not-for-profit.

So, look at it this way, whether you like it or not, only NYRA is interested in returning ALL " profits " to racing while others would like to put those SAME " profits " in their pockets.