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Santa Anita Park's parent company, Magna Entertainment Corp., faces the threat of bankruptcy amid mounting losses and a $600 million debt burden. The current racing season and status are unaffected. Frank Stronach of Magna Entertainment Corp. said he was looking for partners for the track.

https://arcadiahistory.andornot.com/en/permalink/newspaper31390
Newspaper
Pasadena Star News
Date
February 23, 2009
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
February 23, 2009
Pages
p. A1, A4
Subjects
Magna Entertainment Corp.
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31583AN
Collection
Newspaper Index
Less detail

The expansion plan for Westfield Shoppingtown Santa Anita raises traffic concerns with City Council members. Kenneth Wong, president of Westfield America maintains composure as he answers. The proposed expansion is called The Promenade, an outdoor 100,000 square feet area that would be between Nordstrom and Macys.

https://arcadiahistory.andornot.com/en/permalink/newspaper30458
Newspaper
Pasadena Star News
Date
April 4, 2007
Pages
p. News 1
More detail
Newspaper
Pasadena Star News
Date
April 4, 2007
Pages
p. News 1
Subjects
City Council Meetings - 2001-2010
Malls
Westfield Shoppingtown Santa Anita - expansion
Item ID
30645AN
Collection
Newspaper Index
Less detail

Since Magna Entertainment Corp., the owner of Santa Anita Park, has filed for Chapter 11 bankruptcy. The race track will be auctioned off in September. That land is zoned for horse racing. Jason Kruckeberg, Arcadia's Development Services Director, said it will remain as a race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper31453
Newspaper
Pasadena Star News
Date
May 5, 2009
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
May 5, 2009
Pages
p. A1, A4
Subjects
Auctions
Bankruptcy
Magna Entertainment Corp.
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31646AN
Collection
Newspaper Index
Less detail

Employees at Santa Anita Park fear bankruptcy of its parent company Magna Entertainment Corp (MEC). Chairman Frank Stronach said the horsemen would not have to worry about any of their monies. Paymaster accounts total $11 million at Santa Anita Park. The accounts contain money earmarked for winning owners, who must pay a percentage of those earnings to jockeys and trainers. Magna Entertainment Corp. has lost $500 million in the past 5 years.

https://arcadiahistory.andornot.com/en/permalink/newspaper31396
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
More detail
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
Subjects
Bankruptcy
Magna Entertainment Corp (MEC)
Santa Anita Park - 2001-2010
Stronach, Frank
Item ID
31589AN
Collection
Newspaper Index
Less detail

Arcadia's officials, harboring "serious concerns" about a massive expansion plan for the Santa Anita Park property, want to meet with owner Frank Stronach. An artist's rendering of the proposal is included.

https://arcadiahistory.andornot.com/en/permalink/newspaper20158
Newspaper
Pasadena Star News
Date
December 20, 2000
Pages
p. A3 w/rendering
More detail
Newspaper
Pasadena Star News
Date
December 20, 2000
Pages
p. A3 w/rendering
Subjects
Santa Anita Park
Item ID
20390AN
Collection
Newspaper Index
Less detail

Westfield is at odds with city officials over the city's handling of the Caruso mall development at Santa Anita Park race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper30077
Newspaper
Pasadena Star News
Date
June 11, 2006
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
June 11, 2006
Pages
p. A1
Subjects
Chandler, Roger
City Council - 2001-2010
Mall war
Westfield America
Item ID
30263AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso's $400 million open-air mall at the Santa Anita Park race track may be stiff competition for retailers at Westfield Shoppingtown. City leaders hope the two malls can coexist.

https://arcadiahistory.andornot.com/en/permalink/newspaper29467
Newspaper
Pasadena Star News
Date
April 11, 2005
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
April 11, 2005
Pages
p. A1
Subjects
Westfield Santa Anita - 2001-2010
Business and Industry
Caruso, Rick
Malls
Item ID
29652AN
Collection
Newspaper Index
Less detail

Mayor Gary Kovacic and Mayor Pro Tem Mickey Segal will represent the City Council in future talks with Santa Anita Park owner Frank Stronach.

https://arcadiahistory.andornot.com/en/permalink/newspaper27766
Newspaper
Arcadia Weekly
Date
December 7, 2000
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
December 7, 2000
Pages
p. 1
Subjects
Santa Anita Park - 1991-2000
Mayors - Kovacic, Gary
Segal, Mickey
Stronach, Frank
Item ID
27963AN
Collection
Newspaper Index
Less detail

With the winter-spring racing season less than three weeks old, Santa Anita Park has laid off parimutuel and other workers, and track owner Frank Stonach is being publically chastised for his leadership style.

https://arcadiahistory.andornot.com/en/permalink/newspaper20145
Newspaper
Pasadena Star News
Date
January 14, 2001
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
January 14, 2001
Pages
p. A1
Subjects
Santa Anita Park
Stronach, Frank
Friendly, Ed
Item ID
20378AN
Collection
Newspaper Index
Less detail

Santa Anita Park president Jack Liebau recently resigned because of disagreements with Magna Entertainment's Frank Stronach over the direction the track is headed.

https://arcadiahistory.andornot.com/en/permalink/newspaper27465
Newspaper
Pasadena Star News
Date
January 28, 2004
Pages
p. C1
More detail
Newspaper
Pasadena Star News
Date
January 28, 2004
Pages
p. C1
Subjects
Santa Anita Park 2001 - 2010
Liebau, Jack
Item ID
27662AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp. (MEC), owner of Santa Anita Park, has filed for Chapter 11 bankruptcy protection. Santa Anita Park may be sold to pay off Magna's debts. Frank Stronach paid $126 million for Santa Anita Park in 1996. The track has three potential buyers, including a group from Asia.

https://arcadiahistory.andornot.com/en/permalink/newspaper31399
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A1, A12
More detail
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A1, A12
Subjects
Bankruptcy
Economy
Magna Entertainment Corp. (MEC)
Santa Anita Park - 2001-2010
Item ID
31592AN
Collection
Newspaper Index
Less detail

Santa Anita Park was named last week to a list of "America's 11 Most Endangered Places" because of owner Frank Stronach's plans to create a retail-entertainment center in the historic race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper19266
Newspaper
Pasadena Star News
Date
July 5, 2000
Pages
p. 2 The Star
More detail
Newspaper
Pasadena Star News
Date
July 5, 2000
Pages
p. 2 The Star
Subjects
Santa Anita Park
Item ID
19508AN
Collection
Newspaper Index
Less detail

Westfield Group expects to complete its second expansion project at Westfield Shoppingtown Santa Anita in three years -- an $85 million, 185,000 square feet wing that would convert the mall into a cross between a traditional indoor mall and an outdoor shopping center.

https://arcadiahistory.andornot.com/en/permalink/newspaper29504
Newspaper
Pasadena Star News
Date
April 9, 2005
Pages
p. B3
More detail
Newspaper
Pasadena Star News
Date
April 9, 2005
Pages
p. B3
Subjects
Westfield Santa Anita - 2001-2010 - expansion
Retail stores
Malls
Business and Industry
Westfield Group
Item ID
29688AN
Collection
Newspaper Index
Less detail

Since he purchased Santa Anita Park in 1998, Frank Stronach has added five tracks to his stable and grouped them under a spin off company called Magna Entertainment Corp.

https://arcadiahistory.andornot.com/en/permalink/newspaper18585
Newspaper
Pasadena Star News
Date
March 13, 2000
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
March 13, 2000
Pages
p. A1
Subjects
Stronach, Frank
Santa Anita Park
Magna Entertainment Corp.
Item ID
18829AN
Collection
Newspaper Index
Less detail

Sonia Williams writes of her concerns about the proposed race track development.

https://arcadiahistory.andornot.com/en/permalink/newspaper29609
Newspaper
Pasadena Star News
Date
July 29, 2005
Pages
p. A14
More detail
Newspaper
Pasadena Star News
Date
July 29, 2005
Pages
p. A14
Subjects
Letters to the editor
Caruso project
Developments
Malls
Westfield Shoppingtown Santa Anita
Arcadia First
Williams, Sonia
Item ID
29793AN
Collection
Newspaper Index
Less detail

Months of talks between Westfield Shopping Town Santa Anita and Santa Anita Park race track about building a shopping center seem to have fallen through.

https://arcadiahistory.andornot.com/en/permalink/newspaper18184
Newspaper
Pasadena Star News
Date
January 12, 2000
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
January 12, 2000
Pages
p. A3
Subjects
Westfield Santa Anita
Santa Anita Park
Item ID
18431AN
Collection
Newspaper Index
Less detail

Arcadia's neighboring cities of San Marino and Pasadena are worried about the impact of mall traffic. Caruso spokesperson Julie Wong says the developer is listening and will respond to all concerns as part of the environmental review process.

https://arcadiahistory.andornot.com/en/permalink/newspaper30449
Newspaper
Pasadena Star News
Date
March 12, 2007
Pages
p. News 7
More detail
Newspaper
Pasadena Star News
Date
March 12, 2007
Pages
p. News 7
Subjects
Caruso, Affiliated
Malls
The Shops at Santa Anita
Traffic
Wong, Julie
Item ID
30635AN
Collection
Newspaper Index
Less detail

The Thoroughbred Racing Association of California is trying to put together a bid for Santa Anita Park, with plans to run it as a nonprofit arm of the Thoroughbred Owners of California. Santa Anita Park race track was to be auctioned this week but no acceptable opening bid was made.

https://arcadiahistory.andornot.com/en/permalink/newspaper31674
Newspaper
Pasadena Star News
Date
September 10, 2009
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
September 10, 2009
Pages
p. A1
Subjects
Thoroughbred Owners of California
Thoroughbred Racing Association of California
Santa Anita Park - 2001-2010
Zetcher, Arnold
Item ID
31872AN
Collection
Newspaper Index
Less detail

Santa Anita Park race track's CEO and President Ron Charles said Santa Anita Park race track will not be sold to help Magnum Entertainment Corporation eliminate a $600-million-plus debt. However, Santa Anita Park race track is entertaining discussions with Magnum Entertainment Corporation concerning potential partnerships or joint ventures on a minority interest basis. Includes a historical timeline.

https://arcadiahistory.andornot.com/en/permalink/newspaper30716
Newspaper
Pasadena Star News
Date
September 15, 2007
Pages
p. News 1
More detail
Newspaper
Pasadena Star News
Date
September 15, 2007
Pages
p. News 1
Subjects
Magnum Entertainment Corporation
Santa Anita Park - 2001-2010 - history
Item ID
30904AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso, whose stalled $500 million, 820,000 square feet retail project "The Shops at Santa Anita," is planned for Santa Anita Park's south parking lot, said he has "no control" over possible bankruptcy at the race track's parent company, Magna Entertainment Corp. (MEC). Caruso said he was still planning to go ahead with his mall and would "wait and see what happens and deal with it." Any reorganization at Magna Entertainment Corp. may delay the mall plans.

https://arcadiahistory.andornot.com/en/permalink/newspaper31397
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
More detail
Newspaper
Pasadena Star News
Date
March 4, 2009
Pages
p. A1, A10
Subjects
Bankruptcy
Caruso, Rick
Developers
Land use
Magna Entertainment Corp. (MEC)
Malls
Santa Anita Park - 2001-2010
The Shops at Santa Anita
Item ID
31590AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.