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Friday, February 16, 2007

Spitzer: No NYRA Negotiations

- Jerry Bossert reports in the NY Daily News that a spokesperson for Gov Spitzer "emphatically" denied rumors of negotiations between NYRA and the state to extend the franchise in return for NYRA dropping their land claim. And March 16 is the date on which the state will argue in court that NYRA is not entitled to bankruptcy protection. "We'll prove that they are not eligible for bankruptcy protection...They are an instrument of the state."

Bossert also reports that next Thursday is the court date on which NYRA will apply for a credit line from GE Capital Corp against the land. We may finally get an indication at that time on how the courts will be inclined to rule on the issue on which the entire franchise situation will ultimately be decided.

2 Comments:

Handride said...

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Late Scratch said...

So here's what I think happened. Bossert picks up some rampant backstretch rumor about NYRA meeting with Spitzer's office. He writes about it in his column. Then Ed O'Brien of WRGB-TV reports the speculation that a deal is in the works to extend the franchise. Bossert hears about the TV report and (finally) decides to go to the (here it comes, folks) horse's mouth and asks the Governor's office, "What's up?", to which they respond as quoted above.

Journalists. Gotta love 'em.

PS Hope you're feeling better, Alan.