“In case you haven’t heard, Gov. Kathy Hochul is intent on dumping more taxpayer money into a ‘burn pit’ industry whose glory days are long gone.” And so begins an excellent board editorial from the New York Post today. Full piece, and my highlights:
“Earlier this month, New York Focus revealed that Hochul’s proposed budget would sink nearly a half billion dollars in public money into the state’s long-declining horse-racing industry to finance renovations at Belmont Park race track on Long Island.
“Hochul says taxpayers would be reimbursed in full, plus interest, in 20 years. Huh? The racing industry has been losing tens of millions over the last decade. Yet somehow, Hochul’s crystal ball sees a renaissance coming. In fact, that forecast is a self-serving NYRA-commissioned study that she won’t release.”
And the most recent New York Focus article: “Hochul Projects Horse Racing Renaissance, Declines to Share Evidence.”
https://www.nysfocus.com/2023/02/22/kathy-hochul-horse-racing-association-study/
The heat is on.