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IN RE MID-STATE RACEWAY, INC.

No. 04-65746, No. 04-65745.

323 B.R. 63 (2005)

In re MID-STATE RACEWAY, INC., Debtor. In re Mid-State Development Corporation, Debtor.

United States Bankruptcy Court, N.D. New York.

March 9, 2005.

Attorney(s) appearing for the Case

Harris Beach LLP (Lee E. Woodard, Esq., of counsel), Syracuse, NY, for Debtor.

Menter, Rudin & Trivelpiece, P.C. (Jeffrey A. Dove, Esq., of counsel), Syracuse, NY, for Vestin Mortgage, Inc.

Lackey Hershman LLP (Deborah Deitsch-Perez, Esq., of counsel), Dallas, TX, for All Vernon Acquisition, LLC.

The Towne Law Offices, P.C. (Michael Rhodes-Devey, Esq., of counsel), Albany, NY, for Jeffrey Gural.

Pryor Cashman Sherman & Flynn LLP (Tina Niehold Moss, Esq., of counsel), New York City, for Raceway Ventures, LLC.

Green & Seifter, PLLC (Michael J. Balanoff, Esq., of counsel), Syracuse, NY, for Harness Horse Association of Central New York.

Bond, Schoeneck & King, LLP (Camille Hill, Esq., of counsel), Syracuse, NY, for Official Committee of Unsecured Creditors.

Bond, Schoeneck & King, PLLC (Joseph Zagraniczny, Esq., of counsel), Syracuse, NY, for VIP Structures, Inc.

Costello, Cooney & Fearon, PLLC (Anthony R. Hanley, Esq., of counsel), Syracuse, NY, for County of Oneida.

E. Lisa Tang, Esq., Delmar, NY, for Dominick Giambona.

Guy A. Van Baalen, Esq., Utica, NY, Assistant U.S. Trustee.

MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

STEPHEN D. GERLING, Chief Judge.

Under consideration by the Court is an application ("Application") filed on January 31, 2005, by way of an Order to Show Cause, by Mid-State Raceway, Inc. and Mid-State Development Corporation (collectively the "Debtors") seeking an extension of the Debtors' exclusivity periods to file a plan of reorganization from February 1, 2005 to April 4, 2005 and to...

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