Quote:
Originally Posted by Ruffian1
Horsemen were told that they applied but failed to send in the 10 Million or whatever dollars with the application making it null and void. After years of pounding the horsemen and workers to support them, they killed any chance on their own.
For me, see you later.. or NOT.
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Stronach was contractually forced to put in the application, but it was up to Defrancis to finance it, since he would get the proceeds from a casino. The legislature told Defrancis with the contract between Stronach and Defrancis, the casinos wouldn't be at the tracks. After the casinos were built elsewhere, the horseman formed an organization. The legislature put the purse enhancements form casino revenue in the horseman's organizations name. 1st Racing would come to the horseman every year to get money from the fund to operate the tracks. Of course the horseman would give them the money if they increased racing days. 1st racing wanted decrease days and have higher purses, but they didn't have control of the money, so they had to have more racing days lol. This is why the legislature was open to the horseman running the tracks. They were essentially already doing it. Plus the horseman had the foresight that casino revenue was required and Stronach didn't. This is why 1st racing doesn't own the tracks anymore. They were essentially pushed out.
