New York legislation

Legislation has now been introduced in both houses of the New York State Legislature that, if passed, would provide NYRA with the statutory authority to access $450 million in New York State-backed bonds to finance the construction of a new racing facility at Belmont Park. The project would include the construction of a new building to replace the current grandstand and clubhouse; the reconstruction of the main track and both turf courses; and the installation of a synthetic track to be used for winter racing. NYRA would pay all debt...