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Stephen Ross

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Spitzer to Split Up Control of New York's Three Racing Tracks

Saratoga
As one of the many controversy-spurning agenda items Eliot Spitzer has to deal with, we hear some progress being made in the ongoing discussions with Senate Majority Leader Joe Bruno over Bruno's pet issue: the future of the New York horse-racing industry. One source involved in the private talks tells us that the tentative plan is to split up control of each of New York's three horse-racing tracks: Saratoga, Belmont, and Aqueduct. The New York Racing Association (which faces an expiration date at the end of this year) will get to keep control of the track in Saratoga, and thus stay alive. This would help the Spitzer administration avoid a potentially lengthy lawsuit.

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64 New Yorkers Make ‘Forbes’ 400

Mayor Bloomberg
You haven't, by any chance, been feeling rich lately, have you? Sort of feeling a little bit smug that the burst of the real-estate bubble won't splatter all over you? At least a little bit excited that in November, your every-other-Friday paycheck will come three times instead of twice? Well, just in time for all that, Forbes has released its annual list of the 400 richest people in America. And guess what? Sixty-four of them are New Yorkers! The top 100 billionaires, in fact, include household (okay, apartment-hold) names like shareholder activist Carl Icahn, Revlon CEO Ron Perelman, designer Ralph Lauren, Condé Nast chairman Si Newhouse … oh yeah, and Mayor Bloomberg, who at $11.5 billion is America's 25th richest man. According to Forbes, he more than doubled his wealth from last year, which was enough to leapfrog over rival media magnate Rupert Murdoch in the ranks.

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