Quote:
Originally Posted by pointman
Why should board members put up their own money when the State is financially obligated to float NYRA until the casino is up and running? And if the State is not living up to their obligation to NYRA, what would lead any board member to believe that their loan is secure?
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NYRA is no different from any business with cash-flow problems. In this regard, it really isn't relevant who's not paying them. It's really a simple question: either NYRA and its board can be completely dependent upon the State to solve their short-term cash problem, or they can try to address their cash issues through other means. Having fought as hard as they did for the franchise, I can't believe that the only answer to their current situation is to shut it down if the State doesn't come through with the cash.
05-21-2010, 03:23 PM
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