Poll backs track - Ruidoso News

Poll backs track - Ruidoso News

There are 13 comments on the Ruidoso News story from Jan 21, 2010, titled Poll backs track - Ruidoso News. In it, Ruidoso News reports that:

Nearly all of the Lincoln County re-spondents to an opinion poll involving the future of the Ruidoso Downs Race Track and Casino agree: the track and its Billy the Kid Casino bring tourists to the area.

Join the discussion below, or Read more at Ruidoso News.

Right of Center

Ruidoso, NM

#1 Jan 22, 2010
I hope that every effort is made to retain the track in
Ruidoso Downs. It is clear that the economic benifit to the Ruidoso area is important.
kontiki

Hobbs, NM

#2 Jan 22, 2010
The track has bombarded us horse owners with hard copy letters asking us to contact Senator Adair and ask him to vote to retain the track.

But the letters still didn't detail the finances involved, nor go into the facts pertaining to the health of the industry.

This is like asking people to take a sentimental journey and vote by the heart only.
To not be confused by facts.
Ed in NM

Hobbs, NM

#3 Jan 22, 2010
I just came back from a national financial planning conference and one comment from a keynote speaker stood out to me. "We must end privatized gains and socialized losses."

In other words for profit businesses can't expect the government to stay out of affairs while everything is going great, but then expect a bailout by the public if they begin to lose money. With this in mind, I do not support another increase in GRT to solely support Mr. Hubbard. With some forward thinking vision I might be convinced otherwise.
Pinky

Tucson, AZ

#4 Jan 22, 2010
kontiki wrote:
The track has bombarded us horse owners with hard copy letters asking us to contact Senator Adair and ask him to vote to retain the track.
But the letters still didn't detail the finances involved, nor go into the facts pertaining to the health of the industry.
This is like asking people to take a sentimental journey and vote by the heart only.
To not be confused by facts.
Great post. I, too, like the ambiance of having a race track in my community and it may well bring in tourists, but if it's not economically sound to continue business as usual, then there must be change. Is it that there are not enough spectators viewing the races? What exactly makes it non-profitable? They hold events at the track. I especially love the concerts but have always felt they could hold more of them there.
Ed in NM

Hobbs, NM

#5 Jan 22, 2010
Pinky wrote:
<quoted text> Is it that there are not enough spectators viewing the races? What exactly makes it non-profitable?
It appears we are not supposed to ask questions, simply "too big to fail" will be the only reply.
dum

Vancouver, WA

#6 Jan 22, 2010
600+ respondants from over 6500 water bill mailings and how many chamber members-700?

Does this say that over 80% of the people contacted didn't care enough to respond???
Pinky

Tucson, AZ

#7 Jan 22, 2010
Applebee's is about to fail. That's a pretty big company. So is Kodac. No business is too big to fail. I'd like to see their balance sheet.
kontiki

Hobbs, NM

#8 Jan 22, 2010
Ed in NM wrote:
I just came back from a national financial planning conference and one comment from a keynote speaker stood out to me. "We must end privatized gains and socialized losses."
In other words for profit businesses can't expect the government to stay out of affairs while everything is going great, but then expect a bailout by the public if they begin to lose money. With this in mind, I do not support another increase in GRT to solely support Mr. Hubbard. With some forward thinking vision I might be convinced otherwise.
Ironically that chump in the White House made a comment yesterday somewhat along these lines.

That private business could not give share holders financial benefits when they are doing well, and expect the tax payer to keep them afloat when they are not.

It's the very first time that man has opened his mouth and made one ounce of sense.
kontiki

Hobbs, NM

#9 Jan 22, 2010
dum wrote:
600+ respondants from over 6500 water bill mailings and how many chamber members-700?
Does this say that over 80% of the people contacted didn't care enough to respond???
And THOUSANDS of race horse owners, trainers, breeders and bloodstock agents across the state.
Kooch

Ruidoso, NM

#10 Jan 26, 2010
The racetrack tax parity bill submitted to the New Mexico Legislature is dead. President of the NM Senate, Tim Jennings, and John Arthur Smith (Las Cruces) were against this bill. A new light was also shed in a negative way, the the representation of the New Mexico Indian Gaming league.
Citizens of Lincoln County, you had better told your elected representative's feet to the fire now, because the urge to raise taxes across the board will be on the table shortly. You had better elect people with guts this time around.

KB
Ed in NM

Hobbs, NM

#11 Jan 26, 2010
Kooch wrote:
The racetrack tax parity bill submitted to the New Mexico Legislature is dead.
Time for crisis diversification. Let's see who rises to the occaision. Let's take the proposed "Save Hubbard" GRT tax increase to pay for bonds to construct a 4-year ENMU. Or in line with past performance, do nothing at all.
no Hubbard Bailout

AOL

#12 Jan 27, 2010
I don't want to bail out the track with taxpayer money. Step up, Mr. Hubbard, to keep your track alive.
Libslam

United States

#13 Jan 27, 2010
Parity bill 'dead'
A substitute bill to provide tax parity for the 'racino' at Ruidoso Downs may call for a local, not state, effort.

What is wrong with this picture? The tax breaks given to the Inn of the Mountain Gods are state subsidies. By focusing the new subsidies for the "racino" on local real estate or business taxes, the city would be asking Ruidoso to pay an unfair burden. In fact, we would be in competition with the state to come up with enough subsidies to keep the 'racino' happy...all contingent upon how much or little the state, with its superior resources, demands from the Inn.

Try this poll...Do you want higher local taxes?

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