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Author Topic: Second Hanson Report Recommends No Racing  (Read 1937 times)
handsomeharry76
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« Reply #25 on: November 16, 2010, 07:36:44 AM »

Slots at the Meadowlands would produce easily the best harness racing in the world, bar none.  With a staggering purse structure.  It will cause all the wealthy owners to once again want to make their best horses Meadowlands main-stays.  It would also bring the best stallions to New Jersey, producing the best Sire Stakes program, adding even more money to the economy.  Tell me, how am I wrong?

you are 100% correct but Christie's apparently doing whatever AC wants

and they seem to want the horsemen off the property
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handsomeharry76
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« Reply #26 on: November 16, 2010, 07:38:35 AM »

Atlantic City is a failed model, with a poor surrounding community that is actually dangerous and disgusting.  But they are willing to try and revived that...why? Cause they line the politicians pockets with cash, hotel suites and other perks.  Lets not be naive here.

nobody here is naive Darin

we aren't stupid
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Homeboyhanover
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« Reply #27 on: November 16, 2010, 07:49:06 AM »

Well Flash, you said a lot. Many valid points and counterpoints in this thread. At the end of the day, remove you personal attachments to racing and most level headed people would draw the same conclusion. No. I don't want my tax dollars spent on a sport that is shrinking rapidly and is only spoken of when thee is a scandal.
 The management at a NJ harness track was just sentenced for using the cash of his track as his own. The last time the Meadowlands was front page was for the State Police to announce their arrests in an ongoing criminal Enterprise, that may have effected the outcome of every race for a multi-year period.

 The state fiscal crisis has no doubt accelerated this process. But, we all knew as long as The Meadowlands and all other racing was producing revenue to the state, the lawmakers would turn a blind eye to the mismanagement and pure corruption. They can no longer shield themselves from reality.

 As for slots at M1. Why? Would a stronger play for the state be to let the racing die, then proceed with a new venture, retaining more for the state?
  Even if the state allowed slots at the track, I don't think they would be all to generous with the horseman's split.
 I have lived to see Yonkers? Roosevelt go from the envy of all harness racing, to the no Roosevelt, yes Yonkers, Case Crackhead Show. From M  being a vision of greatness, to a reality of racing dominance, to a place where all of racing greatest cheats had safe and prospores haven.
 The fat lady is singing loud and proud.
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OTB
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« Reply #28 on: November 16, 2010, 09:01:31 AM »

First off why doesn't the state of NJ close the ridiculous aquarium they run in Camden??  They figure those loses into the NJSEA.

Second, nobody mentions how Hanson is an investor in Xanadu.

Third, nobody on the committee knows a thing about racing.
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Dolfan
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« Reply #29 on: November 16, 2010, 10:06:09 AM »

Slots at the Meadowlands would produce easily the best harness racing in the world, bar none.  With a staggering purse structure.  It will cause all the wealthy owners to once again want to make their best horses Meadowlands main-stays.  It would also bring the best stallions to New Jersey, producing the best Sire Stakes program, adding even more money to the economy.  Tell me, how am I wrong?

Why does the state need racing to continue?  It's just a thorn in the taxpayer's side.


In all this time we're exactly the same, theres been no effort to attract new patrons or create new ideas on how to get people back to the races. 

Absolutely correct.  Failure.  Total utter failure.  You would think that some of the other tracks would figure this out but it's more lousy thinking, much like Darin & OTB & Homeboy who believe that corruption is always to blame, whether it be a horseman or an elected official.

If I were Christie, I'd sell Monmouth to the highest bidder, close down M1 & sell it to Trump or Harrahs (or anyone else) to put up a full casino & hotel on that land.  I'd say whoever wants to run a self-sustaining racetrack is welcome to it.  End of story.
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We can produce more wealth, but we cannot produce more time.  When we give someone our time, we actually give a portion of our life that we will never get back.
Mel from Moline
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« Reply #30 on: November 16, 2010, 02:35:40 PM »

Darin, you are completely wrong on this.  Chris Christie is going to do what is financially correct to get NJ turned around, regardless of what it takes.  He knows that success here may take him all the way to the White House & if you think a dead sport is gonna stop him, you are just in denial.  The Meadowlands racing complex is a tiny blip in his political career but saving every dollar is HUGE.

Harry, slots could earn a billion, but you sure don't need the racing.


'Fan....you say.."saving every dollar is huge'...OK, then how will he explain his stopping the new tunnel COSTING his state 270 Mil and COSTING his state 400 mil in fed funds for teachers in a compromise with teachers that he then decided against because of bad PR from Fox news? 270 MIL.....how many years would that be at a measley 16 mil loss? IF you believe that number? Not to mention the 10-20k jobs and people that would move? It's a little interesting to me they didnt just say we're bought and paid for and removed all the drama.
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Horses make the humans...not the other way around.
bowserkat
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« Reply #31 on: November 16, 2010, 03:11:26 PM »

This is the bottom line.  Horsemen and their groups have testified during the several hearings that were held.  Lobbying has been going on.  Net impact----Zero. Right or wrong, wether it makes financial sense or not it sure looks like the Big M is finished.  I can't really think Christie is going to go against his commissions recommendation.
Don't give up without a fight,but it doesn't look good.  I know legal action will be taken, but I have to think the judges are in the hip pocket of the casinos also.
« Last Edit: November 16, 2010, 03:15:38 PM by bowserkat » Report to moderator   Logged
jrstark
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« Reply #32 on: November 16, 2010, 03:18:45 PM »

Stan Bergstein's column:
http://www.drf.com/news/new-jersey-horse-business-facing-bitter-end
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Dolfan
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« Reply #33 on: November 16, 2010, 04:00:52 PM »

'Fan....you say.."saving every dollar is huge'...OK, then how will he explain his stopping the new tunnel COSTING his state 270 Mil and COSTING his state 400 mil in fed funds for teachers in a compromise with teachers that he then decided against because of bad PR from Fox news? 270 MIL.....how many years would that be at a measley 16 mil loss? IF you believe that number? Not to mention the 10-20k jobs and people that would move? It's a little interesting to me they didnt just say we're bought and paid for and removed all the drama.

Lets not jump from one thing into another, especially when there is political posturing to do.  However, you are talking peanuts here.  NJ's "contribution" is 2.7 billion plus overruns.  I believe 270 million = 10%.
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We can produce more wealth, but we cannot produce more time.  When we give someone our time, we actually give a portion of our life that we will never get back.
Mel from Moline
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« Reply #34 on: November 16, 2010, 05:45:22 PM »

Lets not jump from one thing into another, especially when there is political posturing to do.  However, you are talking peanuts here.  NJ's "contribution" is 2.7 billion plus overruns.  I believe 270 million = 10%.


Fan....that number is the federal funds already spent...that NOW, because of christie's decision to end the project, the state now has to repay those funds....but you keep defending Christie and believing all that you hear.....it's not that simple to believe that the SEA's tracks are losing 16 mil a year and they must be closed....get real.

 Unless, of course I'm misreading your intenet that 270 mil throw away is better than building a new, and much needed tunnel and absorbing those costs.
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Horses make the humans...not the other way around.
Dolfan
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« Reply #35 on: November 16, 2010, 06:43:14 PM »

Actually Mel, I think ultimately it gets done & this is just political posturing or negotiating, which I can certainly appreciate.  The less NJ spends, the better he looks to his taxpayers.

All of these deals can get done for less money - guaranteed.  I think he's just making certain that he pays the least that he has to.  Now, you could be right - that I'm giving him too much credit but time will tell.  He's a very strong figure & speaker & I would not want to have to call his bluff.

I'm a businessman & negotiate absolutely everything.  My daughter's orthodontist found that out. 
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We can produce more wealth, but we cannot produce more time.  When we give someone our time, we actually give a portion of our life that we will never get back.
wilderness
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« Reply #36 on: November 22, 2010, 03:53:25 PM »

New Jersey T-Bred Handle Way Up n 2010 Despite 50 Per Cent Cut In Race Dates

http://www.standardbredcanada.ca/news/11-22-10/nj-t-bred-handle-way-2010-despite-50-cent-cut-race-dates.html

"In 2009, the 141 T-bred race dates were split between Monmouth Park and the Meadowlands Racetrack, and, according to the brisnet.com  report, total handle rang in at $354,867,156. In 2010, with nearly 50 per cent fewer race dates and racing consolidated at Monmouth, the total handle was $477,375,167."
end of quote

For the sake of clarity and because of the three different methods of determining the percentage of take-out (on-track live, import, export)?
 Let us assume for the sake of clarity that the average take-out was 10%.

 50% of the 10% (5%) goes directly in the purse-pool-fund.
 The other 50% of the 10% (5%) is divided by the track, the state of NJ, and whatever-city.

 It "may be" a safe assumption that NJ garnished a mere 1.5% of the $122-million.
Or an additional $1,830,000.00 of which Christie, Hanson and all the NJ lawmakers are having an orgasm over. NOT!
 
 It's my understanding that the 2010 expanded purses at Monmouth were taken away from the Meadowlands budget?
 Could somebody clarify the amount?
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Regards Don
hungry
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« Reply #37 on: November 22, 2010, 04:10:23 PM »

I love this game and I love the Meadowlands but the sad truth is the report is dead on. From the business standpoint the numbers are in black and white. Why should the state fund us? For years we all knew this was coming but thought the pot had no bottom. Saying even though true the state owes us because yes the track did fund building the complex bears no weight, that was then and this is now. Also it would be wonderful and I truly believe slots would make the state a shitload of money because AC is obsolete and too far out of the loop and also do the same for the Meds as slots have done for Yonkers...but it aint happening. We cant fault the Gov. for doing what he was elected to do, like it or not, he has to protect taxpayers who are losing jobs and services from spending money where it cant be returned. Bottom line is less and less people are going to the tracks and betting. Its a damn shame but we're biased, we love and live the business but its lost its luster to the public.


Shame on you Flash, you should know that where politics are concerned, what's in black in white means bubkus.

If the Meadowlands was privately owned by someone who actually cared about making a profit, they would make a profit. The fat would be trimmed in a heartbeat. No facility with full card simulcasting and a couple hundred SAM machines should ever lose a dollar.


Don't believe everything you read out of the mouths of politicians, especially NJ politicians.
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