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HISTORY In 1913, racing returned to New York after a hiatus. Only four tracks had survived the hiatus. These were Aqueduct Racetrack (the Big A), Belmont Park , the old Jamaica and Saratoga Race Course . These tracks were formed together under a not-for-profit association known as the Greater New York Association in 1955 . The Association remodeled Aqueduct and Belmont and demolished Jamaica, which is now the Rochdale Village housing development. The association later became the New York Racing Association. The racing association's current franchise expires on Dec. 31, 2007. Until September 2005, it operated under a deferred prosecution agreement following a 2003 indictment. The charge stems from alleged income tax evasion and money laundering by mutuel clerks between 1980 and 1999. The overhauled NYRA management, led by president Charlie Hayward, convinced the US Attorney's Office in Brooklyn and a federal court judge to dismiss the indictment. Despite its financial and legal woes, NYRA is still one of the most powerful racetrack operators in the thoroughbred business. The completion of video-lottery terminal installation at the Big A is expected to help increase income (and thus purses) for whichever entity wins the current franchise, whether it be NYRA, another operator (such as Frank Stronach 's Magna Entertainment, the owner of Pimlico Race Course ) or a partnership of NYRA with another entity. NYRA ACTIVITIES The New York Racing Association conducts year-round racing in New York. In the winter they operate at Aqueduct, from May to mid-July they operate Belmont. In the latter part of July, all of August and the beginning of September they operate Saratoga Race Course. From September to the end of October they return to Belmont. The year concludes in the fall at Aqueduct. NYRA sponsors the Triple Crown for Fillies in the US, known as the Triple Tiara . EXTERNAL LINKS |
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