Reports Differ On Status Of NYRA's Contract Extension
Under a new 25-year agreement negotiated with top state officials, NYRA "will keep hold of the state's thoroughbred horse racing franchise" until 2033, according to sources cited by Erik German of NEWSDAY. Still, those fighting to include slot-like video lottery terminals at Belmont Park "aren't likely to get their way," as the deal "does not include provisions to install" the terminals. A source said that under the new contract, NYRA's performance "will be reviewed every four years and will be evaluated according to 'financial and other benchmarks.'" The source added that NYRA's board will be reconstituted, "with 11 of its members appointed by NYRA, six by the governor, two by the Senate and two by the Assembly." The deal includes four-year term limits for the NYRA chair and "enough state aid to pull the agency out of bankruptcy," though an exact figure was not disclosed. NYRA, which also agreed to drop its claim to ownership of track lands, has been operating under a temporary agreement set to expire Wednesday (NEWSDAY, 2/7).
CONTRADICTORY REPORTS: In N.Y., Ed Fountaine reports NYRA yesterday sent a letter to employees indicating "racing will shut down next Thursday unless a deal is struck with the state by then to renew the franchise NYRA has held since" '55. NYRA President Charles Hayward said "many (of NYRA's 1,300) employees will be laid off " if a deal is not reached. Fountaine notes if Aqueduct shuts down, "training [there] and Belmont Park will cease" on February 20, and the "1,000 backstretch workers who live in dormitories at the two racetracks, and the 2,300 horses stabled there will be required to vacate the grounds'" February 27 (N.Y. POST, 2/7). The DAILY RACING FORM's Matt Hegarty reported negotiations have been going on for more than two months, and NYRA has blamed New York state Senate Majority Leader Joseph Bruno "for standing in the way of an agreement." Bruno issued a statement yesterday that said an agreement "on a long-term extension would be announced 'very shortly'" (DRF.com, 2/6). In Albany, James Odato reports five racetrack operators yesterday warned "that about 2,000 employees will be laid off this month if Albany doesn't meet their separate demands." Vernon Downs Owner Jeffrey Gural said he will temporarily close the track Monday and will shut down Tioga Downs on February 29. Gural said that his tracks will remain closed "until the VLT law is changed" (Albany TIMES UNION, 2/7).
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