NYRA Plans for Re-organization: Is the End of State Control in Sight?

Three-and-a-half years after being put under state control by Gov. Andrew Cuomo, the New York Racing Association board of the directors approved a plan April 12 for a return to privatization at a meeting in New York City.

The board was required by statute to submit a re-organization plan to the state this month, with state control due to expire, also by statute, in October. On Tuesday it submitted three possible plans, one of which would extend the current re-organization board.

In 2012, Governor Cuomo seized control of NYRA following concerns about integrity and mismanagement. Though NYRA was scheduled to return to privatization last year, Cuomo extended the period of state oversight by one year.

The three re-organization plans submitted Tuesday differed only in governance and the make-up of the next board of directors. Under the first option, a 15-person board would have 11 privately appointed and four publically appointed members, two by the governor and one each by state Senate and Assembly leaders.

Continue reading at The Blood-Horse

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s