The committee also recommended the sale of the Offtrack Betting Corporation, a move that the Dinkins administration had already been pursuing.

Turtle Bay residents are savoring what they consider a victory in their four-year struggle against the Offtrack Betting Corporation.

Another prime candidate has become the Offtrack Betting Corporation, the city's beleaguered parimutuel betting agency.

Mr. Crowley described himself as an active legislator, having been involved in the rebound of the city's Offtrack Betting Corporation, for example.

The Offtrack Betting Corporation, which has been criticized for its spending and management practices, saw its profits sink to a record low this year.

Mr. Giuliani made the fiscal distress of the Offtrack Betting Corporation into a major issue during his 1993 mayoral campaign.

But the board is not alone in thinking that the city hasn't a prayer of selling the Offtrack Betting Corporation, a money loser, for $55 million.

Some unexpected news involved the city's Offtrack Betting Corporation, which had a profit of $2.1 million - even after giving the city $27.5 million from its proceeds.

The Giuliani administration said the Offtrack Betting Corporation hopes to improve its financial performance by significantly reducing its expenditures.

Justin's father, the senior vice president of the Offtrack Betting Corporation, said in a telephone interview after the verdict that he was considering an appeal.