The New York Racing Association has been granted another extension by a state government oversight panel that will last through August 28. While many had hoped the details for the new 25 year franchise agreement would be dealt with by now, it is now anticipated another extension could be needed. On the list of issues holding up the new franchise agreement is NYRA’s chapter 11 bankruptcy standing which relies on the new agreement to get back out, a $105 million cash bailout, end of the ownership claims to the three tracks and the choice of an operator for the new Aquaduct. There are three other groups vying for the Aquaduct operations, and the choice could be made in the next week. However with the sum total of the details left outstanding another extension could be in the making.