Fred Dicker of the New York Post reports today that Governor
Cuomo has given up on trying reforming NYRA and instead will let it go quietly
into that good night. Apparently, the
Governor has decided to seek bids for an experienced management company to come
in and take over. This makes sense. Critics have been complaining about a State
run / political NYRA. This will resolve
that issue
The important thing here is the Racing and the Equine
industry. This may be just the way to
get that done.
Cuomo, who will sign legislation
within days giving the state control of NYRA’s board of directors, plans to
seek public bids for a new operator to replace NYRA, a not-for-profit
corporation, from for-profit companies with deep experience in the racing and/or
entertainment industries, sources said.
A source with firsthand knowledge
said it will take several months to draw up the specifics, and bids will likely
be solicited by the middle of next year.
“The NYRA model won’t work. It’s
flawed, and it’s unable to do the job. Privatizing makes the most sense,’’ said
the source.
