Perhaps you don't follow Illinois politics. Pity. Arlington will be the site of tract homes in less than 15 years.
From the same article:
"Evans said all options are on the table in terms of making Arlington more viable, from reducing dates to selling the track.
“The future of racing at any track without added gaming is going to be in question,” Evans said. “If you think it’s bad now, wait and see in a few years. Every track that does not have alternative gambling is going to be in trouble.”...
Evans outlined racing’s $2.47-billion dip in pari-mutuel wagering in 2009 compared to ’07 and noted that foal crops continue to get smaller. The Jockey Club projects an 11.8% decrease in foals in 2010. With that in mind, Evans believes the tracks that will thrive will be the outlets that are able to boost purses with money from added gaming to attract entries from a shrinking pool of horses....
The economic downturn, according to Evans, has likely prevented more tracks from being sold for development. He said low property values have made selling tracks unattractive but if residential and commercial property values rebound, several tracks would likely be sold."
Between the beating they are going to take at Blago's trial and the imminent upswing in the housing market you can (sadly) kiss AP goodbye. Anyone who knows the area knows that land is prime.
Last edited by chucklestheclown : 06-19-2010 at 06:37 AM.
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