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NYRA Board Backs Restructuring Outside State Control

The New York Racing Association board has advanced restructuring plans recommending future governance outside of state control.

Its reorganization board is recommending that Democratic Governor Andrew Cuomo and the Legislature return NYRA to its former private nonprofit status with private board members, instead of continuing with most members appointed by Cuomo and lawmakers.

NYRA was put under state control following its bankruptcy. It reported profits in 2014-15 from improved revenues and cost savings while reducing the catastrophic injury rate for horses to 1.09 percent last year.

The association operates the thoroughbred tracks at Belmont, Aqueduct and Saratoga. It projects operating surpluses of $2.3 million this year and $2.8 million next year. 

© 2016 AP

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Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.
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