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Originally Posted by dalakhani
This is going to sound crazy from a horse racing fan but businesses, sports, buildings, etc do come and go.
Yankee stadium is gone. Boston Garden is gone. In the realm of historic venues hollywood park is but a pimple compard to those places. Those places were replaced by newer buildings and they draw crowds and make a profit. If they didnt, the old stadiums simply would have been closed and turned into shopping malls, condos, office buildings,etc and not replaced.
The parks that will survive will do so because they provide a product that people desire and because they are economically sustainable. Sure this is sad but there really isnt anything anyone can do. We Americans are capitalists.
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I disagree with your assessment about the significance of Hollywood Park's history. Hollywood Park has been there for over 70 years. There is tremendous history there. They used to get over 60,000 people out there on big days. It used to be a big deal to go out to Hollywood Park. That was the place to be back in the 1970s and 1980s. Today you see all of these celebrities at Laker games. In the old days, the track was where all the celebrities would go. It will be a sad day if Hollywood Park closes.
From what the people on the TOC have been telling me, they think it is unlikely that Hollywood Park will close. In this economy, they don't think that there is any way that the developers will be able to raise the $2 billion needed to fund the development project. They think there will be racing at Hollywood Park for at least another 2-3 years. I sure hope they are right.