bay meadows cancels after 2 die

[Danzig]

.....One potential resolution, and one nobody wants to see, is the closing and development of Bay Meadows and Hollywood Park by the Bay Meadows Land Co., which owns the two tracks. The company has not made a commitment to race at Hollywood Park beyond 2008 and it wants to develop Bay Meadows before then.

the above is from a bloodhorse article. it doesn't sound to me that there willl be the monetary investment for poly at bay meadows. common sense would tell you that someone who wants to develop an area isn't going to sink millions of dollars into a venue it isn't interested in operating in its current form.