Hollywood Park Decides

[SpenceCC]

They have decided to run their fall meet in 2013.

BUT Discussions are on going for IF and WHEN Hollywood Park shuts down.
They need to give 6 months notice if they decide to SHUT DOWN.

I believe this means that the actual owners either don't have the permits in place, the finances for redevelopment are not in order, or they are hoping to receive a purchase bid from another entity who will take the race track off their hands.

[PeteMo]

They have decided to run their fall meet in 2013.

BUT Discussions are on going for IF and WHEN Hollywood Park shuts down.
They need to give 6 months notice if they decide to SHUT DOWN.

I believe this means that the actual owners either don't have the permits in place, the finances for redevelopment are not in order, or they are hoping to receive a purchase bid from another entity who will take the race track off their hands.

According to the press release it was a "close call to race in the fall 2013." What the hell does that mean? This whole thing is pathetic, how the CHRB or whoever just allows this thing to drag on now on a meet to meet basis. There is no excuse for the owners of HP to not have gone ahead with development is that is there real intent, building and financing are healthy right now, if interest rates were to start going up that all may end quickly. I like HP and wish someone would come in and buy it and spend a few bucks to make it nicer inside, but to just drag it out for another year is bad, and to have the "leader" say was a "close call" just leaves things even more shaky then they already were.

[Southieboy]

They have decided to run their fall meet in 2013.

BUT Discussions are on going for IF and WHEN Hollywood Park shuts down.
They need to give 6 months notice if they decide to SHUT DOWN.

I believe this means that the actual owners either don't have the permits in place, the finances for redevelopment are not in order, or they are hoping to receive a purchase bid from another entity who will take the race track off their hands.

According to the press release it was a "close call to race in the fall 2013." What the hell does that mean? This whole thing is pathetic, how the CHRB or whoever just allows this thing to drag on now on a meet to meet basis. There is no excuse for the owners of HP to not have gone ahead with development is that is there real intent, building and financing are healthy right now, if interest rates were to start going up that all may end quickly. I like HP and wish someone would come in and buy it and spend a few bucks to make it nicer inside, but to just drag it out for another year is bad, and to have the "leader" say was a "close call" just leaves things even more shaky then they already were.

According to the DRF article, HP brass has talked with Los Al staff, but Dr. Allred "needs more time". Based on reading Liebau's comments, its seems they are going out of their way to run the meet where as they could as easily called it off.

http://www.drf.com/news/hollywood-park- ... -fall-meet