Derby Trail Forums

Go Back   Derby Trail Forums > Main Forum > The Paddock
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
  #1  
Old 07-31-2020, 10:09 AM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 43,963
Default

Quote:
Originally Posted by freddymo View Post
Sabbath Shalom... Illinois is a mess people leaving that state in droves, I wonder why?
Shabbat.. Shabbat Shalom Freddy. Jeez. It's 11a.

Oh.. And nice dog whistle by the way.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
Reply With Quote
  #2  
Old 07-31-2020, 11:45 AM
freddymo freddymo is offline
Belmont Park
 
Join Date: Sep 2007
Posts: 7,091
Default

Quote:
Originally Posted by Kasept View Post
Shabbat.. Shabbat Shalom Freddy. Jeez. It's 11a.

Oh.. And nice dog whistle by the way.
Run spot Run
Reply With Quote
  #3  
Old 02-23-2021, 04:30 PM
Kasept's Avatar
Kasept Kasept is offline
Steve Byk
 
Join Date: May 2006
Location: Greenwich, NY
Posts: 43,963
Default

CDI plans to sell Arlington for redevelopment
Matt Hegarty

https://www.drf.com/news/cdi-plans-s...-redevelopment

Churchill Downs Inc. intends to put its Arlington Park property up for sale, calling it a “unique redevelopment opportunity,” the company announced on Tuesday afternoon.

The company, which merged with Arlington in 2000, said that it was “committed to running Arlington’s 2021 race dates,” which are scheduled this year from April 30 to Sept. 25.

“The company does not expect any sale of the Arlington site to close prior to the conclusion of Arlington’s 2021 race meet or that the conduct of the sale process will impact Arlington’s racing operations this year,” the statement said.

The statement also said that Churchill would look to “relocate” Arlington’s racing license “to another community in the Chicagoland area or elsewhere in the state.”

“We are committed to the Illinois Thoroughbred racing industry and will consider all options in working toward opportunities for it to continue in the future,” said Bill Castanjen, the company’s chief executive officer.

Company officials have hinted for years that Arlington would soon go on the selling block. The track, an architectural gem located in the northwest Chicago metropolitan area, has in recent years struggled financially. Last year, Arlington was one of the few tracks operating during the pandemic that posted lower per-race handle numbers than in the year prior.

When Churchill merged with Arlington in 2000, the company expected to get the right to operate slot machines or casinos at the track. That never materialized, even as Illinois awarded licenses for 11 standalone casino locations.

In the summer of 2019, Churchill bought a majority stake in the River Casino Des Plaines in the Chicago metro area, just 10 miles from Arlington. The company then passed on an opportunity to bid for a casino license at Arlington, saying the state’s tax regulations and requirements for purse subsidies would make a casino there “financially untenable,” according to comments made at the time by Carstanjen.

The Tuesday release makes it clear that Churchill does not believe that it will find a buyer interested in running the racetrack, which was rebuilt after a devastating fire in 1985 by the track’s owner, Dick Duchossois, at a cost of $100 million.

“Arlington’s ideal location in Chicago’s northwest suburbs, together with direct access to downtown Chicago via an on-site Metra rail station, presents a unique redevelopment opportunity,” the release said. “We expect to see robust interest in the site.”

The Duchossois family was made a major shareholder of Churchill after the 2000 merger, and the company in recent years has negotiated three separate transactions to buy back the family’s shares, at a total cost of $490.1 million. The family still has two million shares of the company.
__________________
All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad
A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine
Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command. ~ George Orwell, 1984.
Reply With Quote
  #4  
Old 02-23-2021, 08:33 PM
Alabama Stakes Alabama Stakes is offline
Havre de Grace
 
Join Date: Jan 2010
Location: suffolk downs
Posts: 5,811
Default

What a shame. That was one beautiful classy plant. Stoopers got no action there because you wouldn’t even throw losers on the floor it was so clean. When I went the Ushers looked like they all just won the masters. Letgoodtimesroll won at Saratoga that day to make it a perfect 3 for 3 at the spa at 22-1....
Reply With Quote
  #5  
Old 02-24-2021, 09:41 AM
moses's Avatar
moses moses is offline
Oriental Park
 
Join Date: May 2008
Posts: 3,816
Default

This is easy for me to say as I’ve never been to Arlington Park and only wagered on it rarely, but is the closure of some number of tracks ultimately a good thing in the long ru ? We often complain about the small fields at some tracks. Will contraction lead to bigger (maybe more competitive) fields at the remaining tracks or is this a naive/uninformed way to look at it?
Reply With Quote
  #6  
Old 02-24-2021, 10:37 AM
Alabama Stakes Alabama Stakes is offline
Havre de Grace
 
Join Date: Jan 2010
Location: suffolk downs
Posts: 5,811
Default

Just thinking about how many people will never fall in love with the sport because they didn’t have a track to go to. Going to Suffolk Downs every day was probably more fun than anyone had the right to have. The sights and sounds of the track are the best.
Reply With Quote
  #7  
Old 02-24-2021, 11:18 AM
moses's Avatar
moses moses is offline
Oriental Park
 
Join Date: May 2008
Posts: 3,816
Default

Quote:
Originally Posted by Alabama Stakes View Post
Just thinking about how many people will never fall in love with the sport because they didn’t have a track to go to. Going to Suffolk Downs every day was probably more fun than anyone had the right to have. The sights and sounds of the track are the best.
That is pretty sad. If Parx were to close, the 20 minute trip there would turn into an hour+ to Delaware or Monmouth. Not sure how many times I would have gone as a kid if that were the case.
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:02 AM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.