Re: Marketing 101 - Re: Gulfstream in Jeopardy - I Talked To a Guy Who Knows A Guy Who Talked to a Guy. And 1031 Exchanges!!! (250 Views)
Posted by: Silver Charm (IP Logged)
Date: February 06, 2025 06:55PM
I read that story and I'm impressed they squeezed $32M in Tax Incentives out of the State. But first let me say I chatted up with Johnny M last Saturday at GP and what good dude and smart handicapper. Ther weather was perfect. I didn't win. No one cares there right....
I hope there is a continued collective industry voice. And yes TGJB is correct it would help if the Breeders kicked in with the Lobby. Called in a few Policital Markers. These ideas that Mike Repole is goingg to step in a save the day is crazy. He is a good and passionate guy but Billion Dollar Real Estate deals need $50B-$100B type investors. It's a 10 year play and your Capital is locked up. I mean he could be in for a small piece and be an Advosor since he knows the Sport
There so many good and nice people around racing I would sure hate ti lose that locally and it all become a made for TV experience. But this is about Dollars and Cents. And until you or Firm have Personally Guaranteed a $100,000,000 - $200,000,000 Construction Loan then you will understand. Stronach may have been a jerk or Pr##k but he put up his money and everyone fought him. The Dogs, Harness, Jai Lai. Cruise Ships. YAH Cruise Ships. They didn't want Casinos elsewhere. Churchill Threw a fit when Full Card Simulcasting came in down here. So now they are left with a Billion Dollar Asset or two. They gave the Sport a 3 year Window to figure out a Plan. Get to work if you want to save it.....
I hope there is a continued collective industry voice. And yes TGJB is correct it would help if the Breeders kicked in with the Lobby. Called in a few Policital Markers. These ideas that Mike Repole is goingg to step in a save the day is crazy. He is a good and passionate guy but Billion Dollar Real Estate deals need $50B-$100B type investors. It's a 10 year play and your Capital is locked up. I mean he could be in for a small piece and be an Advosor since he knows the Sport
There so many good and nice people around racing I would sure hate ti lose that locally and it all become a made for TV experience. But this is about Dollars and Cents. And until you or Firm have Personally Guaranteed a $100,000,000 - $200,000,000 Construction Loan then you will understand. Stronach may have been a jerk or Pr##k but he put up his money and everyone fought him. The Dogs, Harness, Jai Lai. Cruise Ships. YAH Cruise Ships. They didn't want Casinos elsewhere. Churchill Threw a fit when Full Card Simulcasting came in down here. So now they are left with a Billion Dollar Asset or two. They gave the Sport a 3 year Window to figure out a Plan. Get to work if you want to save it.....
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