08/22/2007 11:00PM

New York horsemen pursue loan


The New York Thoroughbred Horsemen's Association plans to send additional information to the New Jersey Racing Commission as part of a second attempt to get approval for a $250,000 loan from its sister organization in New Jersey, the top official of the New York group said on Thursday.

Jim Gallagher, the executive director of the New York horsemen's group, said that the association was seeking the loan as a "stopgap" measure to pay for benevolence programs that the association has pared in the face of a funding squeeze because of legal bills related to the bankruptcy filing by the New York Racing Association, which operates New York racetracks.

The New Jersey Racing Commission denied the request for the loan from the New Jersey Thoroughbred Horsemen's Association at a meeting on Wednesday.