Westfield America Inc. announced yesterday that it will buy an additional 50 percent interest in Westfield Shoppingtown Santa Anita Fashion Park from Meditrust, giving it nearly 90 percent ownership.
Multibillion dollar businessman and horse owner, Frank Stronach, has signed a letter of intent for his auto systems company, Magna International Inc., to buy Santa Anita Park
Frank Stronach, founder and chairman of the board of Magna International Inc., is buying Santa Anita Park from Meditrust. The $126 million purchase is expected to close today.
Aerial view looking towards San Gabriel Mountains showing intersection of Baldwin Avenue and Huntington Drive, the Santa Anita Park and training track where Santa Anita Fashion Park (currently known as Westfield Santa Anita Shopping Mall) was built.
Concerns about a proposed entertainment complex next to Santa Anita Park race track have been expressed by representatives of three stores in the Santa Anita Fashion Park.
Aerial view toward north from a position south of Huntington Drive near intersection with Baldwin Avenue. It shows Santa Anita Fashion Park (currently known as Westfield Santa Anita Shopping Mall) developed by and on property owned by Santa Anita Consolidated. The Santa Anita Park Race Track and club house can be seen in center of photo. The straight white line about one inch above the club house roof is 210 Foothill Freeway. Chantry Flats road can be seen going up into San Gabriel Mountains in distance.
A spokesperson for Santa Anita Consolidated has indicated that there is no intention of moving the Santa Anita Park race track to the $100 million sports complex proposed for the City of Los Angeles by Hollywood Park, Inc.
The $10.5 million renovation project at Santa Anita Fashion Park has begun, with a formal ground-breaking ceremony to be held January 26. The project is expected to last 10 months.
View almost due west from Santa Anita Race track Clubhouse roof over portion of housing put up for the evacuees at the Santa Anita Assembly Center for the Japanese. Note training track in the center of photo. Beyond it can be seen houses in Santa Anita Village. This entire area became part of Fashion Park later. This photo, together with photos #655 and 656, form a panorama.
Businessman Frank Stronach, who announced he is buying Santa Anita Park, has stated that his vision for developing the land is drastically different than Santa Anita's current proposal.
Aerial view looking down on Fashion Park from a position over intersection of Baldwin & Huntington Drive. Looking N toward Santa Anita Race Track grandstand during racing season (all of the cars parked on light-surfaced parking area are attending races.)
Phil Yeh, founder of Cartoonists Across America, took his message to Santa Anita Fashion Park this month. His group painted a colorful, dinosaur cartoon mural and handed out copies of their anti-violence comic book. The group is dedicated to promoting literacy. Photo.
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.
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.
