3 week extension averts NY shutdown

[Kasept]

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

http://timesunion.com/AspStories/sto...ate=12/25/2007

[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?

[MisterB]

what is the over/under?

[SniperSB23]

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.

[fpsoxfan]

Let's hope they get it figured out.

[Kasept]

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

[MisterB]

What in hell can change in 3 weeks. Bruno's underwear?

You know the "Islamic Extremists" might have something with that suicide bombing deal.

[sumitas]

More of the sos

[blackthroatedwind]

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.

[blackthroatedwind]

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.

[blackthroatedwind]

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?

[blackthroatedwind]

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.

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.