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  #1  
Old 12-27-2007, 03:18 AM
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Kasept Kasept is offline
Steve Byk
 
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Default 3 week extension averts NY shutdown

Very encouraging. Newman confident deal close at hand.. Talks resume today..

http://timesunion.com/AspStories/sto...ate=12/25/2007
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  #2  
Old 12-27-2007, 08:06 AM
blackthroatedwind blackthroatedwind is offline
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There's really no hurry....the franchise doesn't expire for 111 hours. Isn't that roughly as long as the Battle of Gettysburg?
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  #3  
Old 12-27-2007, 09:21 AM
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what is the over/under?
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  #4  
Old 12-27-2007, 10:44 AM
SniperSB23 SniperSB23 is offline
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Quote:
Originally Posted by blackthroatedwind
There's really no hurry....the franchise doesn't expire for 111 hours. Isn't that roughly as long as the Battle of Gettysburg?
Bruno will never make it up Little Round Top.
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  #5  
Old 12-27-2007, 10:59 AM
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Let's hope they get it figured out.
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  #6  
Old 12-28-2007, 10:25 AM
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DRF's Matt Hergarty: The New York Racing Association has signed an agreement with the state attorney general that will allow it to continue to operate Aqueduct racetrack until Jan. 23, officials said on Friday....

MORE: http://www.drf.com/news/article/91224.html
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
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  #7  
Old 12-28-2007, 10:31 AM
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What in hell can change in 3 weeks. Bruno's underwear?
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  #8  
Old 12-28-2007, 10:52 AM
Coach Pants
 
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You know the "Islamic Extremists" might have something with that suicide bombing deal.
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  #9  
Old 12-28-2007, 11:04 AM
sumitas sumitas is offline
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More of the sos
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  #10  
Old 12-28-2007, 12:13 PM
blackthroatedwind blackthroatedwind is offline
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Apparantly Bruno is demanding that Duncker leave. Makes sense. He's only the smartest and most capable person working in the industry.

NYRA should shut down and take the land claim to court before they allow Duncker to leave.
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  #11  
Old 12-29-2007, 09:32 AM
blackthroatedwind blackthroatedwind is offline
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Quote:
Originally Posted by Magnanimous
They should take the land claim to court so a judge can laugh in their face. How hilarious is it that NYRA thinks they own the land. If they really own the land, why not just take out a loan against the property and pay off their bankruptcy claims and pay back the taxpayer. Oh, they can't borrow against the land, BECAUSE THEY DON'T OWN IT!!!

What is next, NYRA going to tell us they own all the horses kept at the track because the horses are on "their" property and everyone knows that if you leave your property on someone elses land it becomes yours. LOL

With your every post you display an utter and complete lack of knowledge of every situation. The land claim has absolutely nothing to do with who paid taxes and anyone who makes this claim doesn't know what they are talking about. The land claim is all about the wording of the 1987 Franchise extension and also related to the lack of this wording in the 1997 extension. The question revolves around the legality of the original wording and whether or not the judge will throw that clause out in court. It is generally accepted that the judge who will rule on the case favors NYRA's side of the argument which is specifically why those in Government do not want to see this issue resolved in court and are willing to make a fair compromise with NYRA to ensure that this doesn't happen.

While I tremendously enjoy your posts, even the ones that echo other threads that you are too arrogant to bother to read, you would do yourself a great service if you attempted to understand these situations before opening your mouth....or banging your keyboard.
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  #12  
Old 12-29-2007, 09:56 AM
blackthroatedwind blackthroatedwind is offline
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Quote:
Originally Posted by Magnanimous
If the judge is going to side with NYRA, and they are so confident his/her decision would survive an appeal, why are they willing to give over $1 billion worth of property so easily?

Because it's an equity type situation and NYRA really just wants to run racing and they are willing to make a fair trade to be able to do so. It's not as though they are getting nothing in return for turning over the land, and while it could be argued they are getting less than fair value, they obviously believe the compensation is enough to warrant the exchange. Personally I respect the judgement of Steve Duncker and Jim Heffernan in this situation. I think if you knew them you might well feel similarly.

Look at it this way....it's effectively a settlement out of court. Let's say, for arguments sake, you are suing someone for $1 million and assume you have a 70% chance to win.....wouldn't you settle out of court for $750K?
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  #13  
Old 12-29-2007, 10:02 AM
blackthroatedwind blackthroatedwind is offline
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Quote:
Originally Posted by Magnanimous
Actually they are willing to settle a billion dollars worth of property for $70 million. Not quite the same as $750K for $1M. We all know that they couldn't dish out the $1 billion to themselves, but with the franchise they would be able to dish out millions to their friends and families, like they have done in the past. That is really what this is all about. If it wasn't why would a non-profit group be so interested in running a non-profit that loses millions every year?

You honestly never have any of your facts straight. Instead of banging your keyboard for attention, you need to read up on the entire situation, and stop making baseless claims.
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  #14  
Old 12-29-2007, 10:03 AM
Coach Pants
 
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Quote:
Originally Posted by blackthroatedwind
You honestly never have any of your facts straight. Instead of banging your keyboard for attention, you need to read up on the entire situation, and stop making baseless claims.
No. Then it would be boring.
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