 Ring in the new year with amazing savings from Appalachian Wireless. Get the Galaxy S7 for just $49.99 when you sign a renew a two-year service agreement. Better service, bigger savings. That's today's Appalachian Wireless. While the Floyd County Fiscal Court has been trying to wrestle through their current fiscal worries with a reduction in cold severance money, there is an even greater worry on the horizon and it is the future of the Thunder Ridge race track and what becomes of the entity and its $2.3 million in bond principle that is still tied to the county in the event of a default. It's a question that leaves county officials speechless. It's a great question because it's something that Keith has been worrying ourselves to death about and making phone calls and trying to delve through the complexities of this. And it definitely was not ever set up in a way that protected the taxpayers of this county. I don't think it was, but we're going to do everything in our power to keep trying to protect them. There will be action required of us obviously if they stop making the payments. The Floyd County Public Properties Corporation issued the bond, so we have to deal with it. How do we deal with it? Only time will tell. But virtually some portion of every day of mine and bins life is committed to this issue. Judge Executive Ben Hale says that the deal to tie the county to the bond payment without ever requiring any reduction in principle was flawed from the beginning. I cannot understand how the counties would ever get in a position where they basically finance and set up a private business and the counties would be at risk of taking all the responsibilities. I've never heard of that as an economic development project. I mean it's just crazy. The fiscal court was hoping to relieve the pressure of the bond payment by sale of Thunder Ridge's racing license to Keeneland. However, now it seems that deal is unlikely. Keeneland has now made it clear that it's their intention to go back to the horse racing commission to seek this 9th license which has effectively been becoming known as the Phantom license because it didn't exist. Regardless, they intend to try to get a 9th license and avoid having to deal with that equation racing. If they get that 9th license approved by the horse racing commission then they'll never have to deal with that equation racing. In which case then we are concerned kicks in about whether or not they'll continue to do business because as we look at it outside of looking in it doesn't look like they do a lot of business. I wonder how long they'll continue to make payments. The county is investigating every contingency in the event that ARI defaults on the bond payment. The next scheduled bond payment is not due until May of this year. For now, reporting from Floyd County for EKB News, I'm Jackson Ladder.