- David Grening reports in the Form that the DC 37 and Local 2021 unions representing former NYC OTB workers is launching a "longshot plan"....not to reopen the parlors, but rather to recover monies previously paid to the state’s racetracks that would be used toward paying health and welfare benefits, estimated, according to the Form, at more than $230 million.
Union attorney Curtis] Mechling argued that NYCOTB was making statutory payments to New York’s racetracks but that “OTB did not get back fair value in return” for those payments and that “OTB was insolvent at the time it made these payments.”Well, I for one would surely like to read those court papers to see just how it was that the product provided by NYRA and the other racetracks in return for the minuscule percentages paid to them did not constitute fair value. That must be quite the novel argument.
In arguing to dismiss the bankruptcy case, lawyers for NYC OTB told the court that “There is nothing left of New York City OTB except a board of directors and a corporate shell." [DRF] Does that mean that Greg Rayburn is no longer collecting his $125,000 per month salary?
An editorial on Monday in the Saratogian, entitled 41 days since New York City OTB shutdown, says:
The immediate need, however, is for legislation to reopen NYC OTB to protect the interests of horse racing, which is critical to the Saratoga economy. We’re going to keep counting and hollering in this space every day until action is taken.That makes one of you.