Cuomo announces NYRA reorganization
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NEW YORK STATE -- Governor Andrew Cuomo's plan to restructure and reorganize NYRA has been signed into law. This move will temporarily place NYRA under public control to reform horse racing in New York State.
The NYRA Reorganization Board will be made up of 17 publicly appointed directors, with a chair nominated by the governor. The board will go into effect when the majority of directors are appointed, at which point the current NYRA board will be dissolved.
Public control will be in place for three years, then NYRA will revert back to majority private control once the reorganization is complete. Cuomo says the membership of the NYRA Reorganization Board will be announced in the near future.