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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

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

Virginia Brown recalls memories of early Arcadia having chicken farms everywhere. She has lived in Arcadia since her birth in 1917. Her father Scott Lee came to Arcadia in 1907 to dig water wells. Lee was a graduate of Throop Institute, which became California Institute of Technology. Her mother was Delia Chandler. Virginia Brown talks about where her family lived and her family's friendship with Anita Baldwin. The article includes a photo of Virginia Brown and her parents.

https://arcadiahistory.andornot.com/en/permalink/newspaper31810
Newspaper
Arcadia Weekly
Date
August 14, 2003
Pages
p. 1, 17
More detail
Newspaper
Arcadia Weekly
Date
August 14, 2003
Pages
p. 1, 17
Subjects
Brown, Robert
Brown, Virginia - biography
Chandler, Delia
Lee, Scott
Item ID
32007AN
Collection
Newspaper Index
Less detail