tag:blogger.com,1999:blog-6037940159956945489.post14625692796348025..comments2023-10-12T11:54:04.700-04:00Comments on Power Cap: Last Hope For The Belmont Train bailoutG. C.http://www.blogger.com/profile/07604839670701867384noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6037940159956945489.post-59401667910026798432009-05-07T13:52:00.000-04:002009-05-07T13:52:00.000-04:00I agree on the daily numbers and wondered where th...I agree on the daily numbers and wondered where they got $5 million from. Hope you are wrong about the bureaucratic inertia but I suspect you are on-point about that as well.G. C.https://www.blogger.com/profile/07604839670701867384noreply@blogger.comtag:blogger.com,1999:blog-6037940159956945489.post-51012243812414470772009-05-06T22:53:00.000-04:002009-05-06T22:53:00.000-04:00I wouldn't count on seeing the train back in servi...I wouldn't count on seeing the train back in service (except on Belmont Stakes day). Once a bureaucracy takes action, inertia tends to keep it going in the same direction. <br /><br />That said, I'm curious as to why, if the train really produced $5 million in handle, equal to about $1 million in net revenue (shared among the state, NYRA and the horsemen), NYRA didn't just put up a subsidy to keep it running.<br /><br />Never mind, it's obvious. Most of that $5 million was on Belmont Stakes day, and the train WILL be running then. The 96 passengers a day for the rest of the meet wouldn't generate anything like the amount that would be needed to keep the train running. Even at the seemingly high $260 a day that NYRA says they bet, the other 49 days of the meet would account for only about $1.2 million in handle from train riders, which translates into no more than $80,000 for NYRA. So the decision not to subsidize the train actually makes economic sense.Steve Zornhttps://www.blogger.com/profile/00290710261555708639noreply@blogger.com