Interview: Track President Talks Santa Anita Sale
By admin
Published: Wednesday, May 27th, 2009
The recent bankruptcy filing of Magna Entertainment, the Canada based owner of Arcadia’s Santa Anita Racetrack has left many citizens in and around Arcadia wondering what will become of the 74 year-old landmark and sports entertainment institution.
Situated on 300 acres of prime real estate, Santa Anita could prove more important than ever for Magna as they work through bankruptcy proceedings and seek to lower their outstanding debts through the sale of various assets including, quite possibly, the park.
But what exactly will become of the park, its employees and the future of horse racing in Arcadia is weighing heavy on the minds of many who already fear unwanted or unnecessary development to a piece of property that is no stranger to controversy.
In this Web Exclusive, Editor John Stephens sits down with Ron Charles, President and CEO of Santa Anita to discuss the latest developments and attempt to demystify the uncertain future of this Southern California landmark.
1 Response for “Interview: Track President Talks Santa Anita Sale”
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Alright! This was just the information I was looking for. It’s good to finally get a little local coverage on what’s been going down with the Race Track and the Caruso project. I just hope that whoever buys the track doesn’t flatten it or do something horrendous to it. The place is too ingrained in the city, and it’s famous too! And I bet that everyone’s glad it’s around when a movie like “Seabiscuit” needs a prime location.
So Caruso’s still firm on the project? Well, he certainly isn’t disheartened too easily.
Glad for the interview. It’s good to know that everyone is well-informed on the upcoming changes and the bankruptcy.
First comment! XD