The end of Aqueduct?

[pweizer]

The full story is here:

http://www.nydailynews.com/news/2007...last_legs.html

Basically, the main gist is this:

The governor finally addressed rumors about Aqueduct by saying the 192-acre horse-racing complex might be shuttered, leaving Belmont and Saratoga as the state's only Thoroughbred tracks.

"Whether or not you have racing at Aqueduct, you have an enormous piece of land there that can and should be used for some other things," Spitzer told the Daily News Editorial Board. "That's a remarkably valuable piece of land from a public perspective."

Those are magic words to real estate developers, who may soon get a chance to submit fresh proposals for the rundown track, which sits on a parcel of land that could be worth $1 billion.

"This type of square footage hasn't been available in a hog's age," said Peter Von Der Ahe, a director at the real estate investment firm Marcus & Millichap in Manhattan. He predicted every large developer in the city would pursue the property, which is 12 times the size of Ground Zero.