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SARATOGA BUSINESS JOURNAL
VOL. 31 NO. 05
www.saratogabusinessjournal.com
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JULY 2026
Racing Festival Jump-Starts Saratoga Tourism Season With Higher Attendance BY PAUL POST The extended 46-day summer meet at Saratoga Race Course got off to a strong start as the three-day July 4 Racing Festival generated almost $70 million in handle, a 1.7% increase from 2025. This came despite a 40% reduction in computer-assisted wagering caused by new restrictions imposed by the New York Racing Association. Paid attendance, 43,446, rose 6.3% from last year’s July 4 Festival. “The traditional Saratoga meet is off to a terrific start,” Discover Saratoga President Darryl Leggieri said. “The July 4 Racing Festival helped build early excitement, and we’re seeing strong visitation as racing fans return for one of America’s great summer traditions. Racing remains an incredible economic engine for Saratoga County, supporting our hospitality industry, local businesses, attractions, and the thousands of people whose livelihoods are connected to tourism.” Racing is taking place four days per week through Sunday, July 26, followed by fiveday weeks beginning Wednesday, July 29. The summer meet will conclude with a sixday week from Wednesday, Sept. 2, through Labor Day, Monday, Sept. 7. “Every week through Labor Day, world class thoroughbred racing, economic opportunity and special events, make Saratoga Springs, Saratoga County and the Capital Region, the ‘Summer Place to Be’,” said Greg Connors, Saratoga Economic Development Corp. president. “And they’re off!” Saratoga County Chamber of Commerce President Todd Shimkus said the July 4 festival was tantamount to a “perfect storm” of positive factors giving the local economy a huge boost. “For years, the Chamber has hosted a July 4th celebration in an effort to encourage people to visit Saratoga for Independence Day,” he said. “This year with the race course open and Live Nation hosting concerts, our downtown celebration was bigger than ever. It was a fantastic way to kick off the 2026 racing meet and help our
Horses break from the starting gate at Saratoga Race Course as the 46-day summer meet begins with higher attendance and nearly $70 million in wagering during the three-day July 4 Racing Festival. local businesses succeed, grow and thrive, serving both locals and visitors as our nation celebrated our 250th anniversary.” Racing began in June with the five-day Belmont Stakes Racing Festival, giving the track a total of 51 dates this year. Plenty of highlights are still to come, but the biggest is the $1.25 million Travers Stakes on Saturday, Aug. 29, when Kentucky Derby and Belmont Stakes champion Golden Tempo tries to nail down Horse of the Year honors in the historic race. This year’s meet has 20 Grade 1 races among 73 stakes worth more than $23.575 million in total purses. But there’s plenty for fans to look forward to in addition to thrilling on-track racing action. Some of the most popular dates are when NYRA distributes premium giveaways. The list includes a Meet Me at the Spa pin
Courtesy NYRA Adam Coglianese
on Friday, July 24; a Saratoga stuffed horse for the first 5,000 children 12 and younger on Sunday, July 26; a Saratoga straw cowboy hat on Sunday, Aug. 2; a Whitney pin on Friday, Aug. 7; a Corgi pin on Sunday, Aug. 16; a 6-inch Mini Lawn Jockey Statue on Sunday, Aug. 23; a Saratoga summer pin on Sunday, Aug. 30; and a Saratoga flannel shirt on Labor Day, Monday, Sept. 7. These are just some of the many special events scheduled. Free guided backstretch tram tours are offered every live racing day except Travers Day and Labor Day. Fans can go behind the scenes to see how handlers care for horses. Tours depart from the clubhouse entrance from 7:30 to 9 a.m. and run every 30 minutes. They are available on a first-come, first-served basis and are approximately 45 minutes long. Another popular attraction is a series of
Breakfast and Farm tours, held each Thursday through Sunday except Saturday, Aug. 29, Travers Day. Tours start with a buffet-style breakfast at Saratoga Race Course from 7 to 9 a.m. against the backdrop of morning training on the main track. Fans then board a CDTA trolley at 9:15 a.m. for a scenic round-trip ride to that day’s featured farm, where they will enjoy a 60- to 90-minute guided tour before returning for an afternoon of live racing. Each tour accommodates up to 52 guests. A portion of proceeds benefits the New York Thoroughbred Breeders scholarship fund. Featured farms are Old Friends at Cabin Creek, an industry-renowned aftercare facility that provides a lifetime sanctuary for retired racehorses, in Greenfield Center, on Thursdays; Old Tavern Farm, a boutique breeding operation overlooking Saratoga Lake, on Saturdays; Sugar Plum Farm in Saratoga Springs, a breeding farm that also appeals to children with its miniature horses, goats, donkeys and other animals, on Saturdays; and Ironhorse Stallions in Schuylerville, the tour program’s first dedicated stallion farm, on Sundays. A full schedule and ticket information are available at NYRA.com. The track’s Taste NY Pavilion is a popular feature, too, offering New York craft beers, cider, wines and spirits. It is located inside Gate A at the Top of the Stretch. Fans must be 21 or older to sample and purchase alcoholic beverages. Also just inside Gate A, the educational exhibit Horse Sense allows fans of all ages to pet a retired thoroughbred and learn fun facts about the life and career of a racehorse. It is offered from noon to 2 p.m. each Saturday and Sunday. The NYRA STAR, or Students of Thoroughbreds and Racing, program is held each Thursday through Sunday, giving children 12 and younger and their families Continued On Page 16
Siena University Reports New York Consumer Cornell Cooperative Extension Appoints Confidence Remains Above National Level Greg Stevens As Interim Executive Director New York consumer sentiment edged up in the second quarter of 2026 and remained well above the national reading, according to the latest Siena Research Institute poll. The New York State Index of Consumer Sentiment stood at 66.5, up 0.9 points from the first quarter and 17 points above the national index of 49.5, which fell 3.8 points. New York’s current conditions index declined 1.5 points to 61.8, while future expectations rose 2.4 points to 69.6. For the sixth consecutive quarter, the state’s overall index remained below the breakeven point between optimism and pessimism. Travis Brodbeck, SRI’s associate director of data management, said New York moved in the opposite direction from the nation, where consumer sentiment fell to a 50-year low. He attributed the state’s slight increase to stronger expectations for the future, even as confidence in current economic conditions declined. Buying plans increased for most items. Plans to purchase consumer electronics rose to 46.7% from 41.6%, while vehicle-buying plans increased to 20.8% from 18.3%. Home improvement plans rose to 23.9%, and intentions to buy a home increased to 10.7%. Furniture purchase plans slipped slightly to 29.8%. “Consumers are continuing to spend, but cautiously,” Brodbeck said. Compared with last summer, vehicle-buying plans rose three percentage points, while plans for home improvements, electronics, furniture and homes were largely unchanged.
Concern about gasoline prices rose sharply. Sixtythree percent of New Yorkers said gas prices were having a somewhat or very serious effect on their finances, up 12 percentage points from the previous quarter. Food prices remained the top concern at 78%, followed by utilities at 72% and housing at 69%. Entertainment and streaming services were cited by 48%, and cell phone costs by 40%. Fifty-eight percent said both gas and food prices were seriously affecting their finances, while 53% cited food, utility and housing costs. Twenty-four percent said all six expenses measured were weighing heavily on their finances, up from 19% in the previous quarter. Brodbeck said six in 10 residents reported gasoline prices were squeezing their budgets for the first time since 2023, adding to pressure from food, utility and housing costs. He said the strain is especially severe for New Yorkers with the lowest incomes and fewest resources. The Siena University Poll was conducted July 1-8, 2026, among 814 New York state residents by telephone, text-to-web and an online panel. The sample included 365 telephone respondents and 449 members of a proprietary online panel across New York state. Data was weighted to match state population estimates and party registration patterns. The poll has a margin of error of plus or minus 3.7 percentage points. For details visit www.siena.edu/sri/. Provided by Siena University; edited for style and length.
Effective July 1, 2026, Greg Stevens was named Interim Executive Director for Cornell Cooperative Extension of Saratoga County. Stevens brings more than 28 years of experience to the role. He began his career in 4-H Youth Development, providing classroom education through the School Outreach Program and administering an Academic Enrichment Program during the summer. He developed and administered the Reality Check Youth Empowerment Program and later partnered with school districts to strengthen anti-smoking policies through the Tobacco-Free Schools Program. In 2015, Stevens was promoted to 4-H and Family and Consumer Sciences Issue Leader. In 2023, he was appointed Assistant Director, assuming responsibility for the Adirondack Welcome Center Taste NY Program and expanding his work to include collaboration with the agriculture team. Stevens received a Bachelor of Arts in Mass Communications from the State University of New York (SUNY) at Plattsburgh in 1993. He returned to SUNY Plattsburgh for a master’s degree in Science in Liberal Studies- Administration and Leadership, graduating in 2011. “I’m extremely excited about the next chapter for CCE Saratoga,” said Stevens. “We have an incredibly talented staff, and it is an honor to work with such dedicated individuals while providing leadership to this Association on an interim
Greg Stevens leads CCE Saratoga County as its newly appointed interim executive director. Courtesy Cornell Cooperative Extension
basis—and hopefully continuing in a full-time role in the future. I’ve learned from the best over the years, and I hope to carry forward their outstanding qualities in this new endeavor.” Provided by Cornell Cooperative Extension of Saratoga County; edited for style and length.