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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.

https://arcadiahistory.andornot.com/en/permalink/newspaper16189
Newspaper
Pasadena Star News
Date
December 11, 1998
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
December 11, 1998
Pages
p. A1
Subjects
Santa Anita Park
Item ID
16935AN
Collection
Newspaper Index
Less detail

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

https://arcadiahistory.andornot.com/en/permalink/newspaper16086
Newspaper
Pasadena Star News
Date
November 15, 1998
Pages
p. C1 photos
Pasadena Star News
More detail
Newspaper
Pasadena Star News
Date
November 15, 1998
Pages
p. C1 photos
Pasadena Star News
Subjects
Santa Anita Park
Item ID
16844AN
Collection
Newspaper Index
Less detail

Frank Stronach, new owner of Santa Anita Park race track, explained his plans for renovations at the track which include a restaurant and skyboxes.

https://arcadiahistory.andornot.com/en/permalink/newspaper26942
Newspaper
Arcadia Weekly
Date
April 22, 1999
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
April 22, 1999
Pages
p. 1
Subjects
Santa Anita Park - 1991-2000
Stronach, Frank
Renovations
Item ID
27141AN
Collection
Newspaper Index
Less detail

Conceptual plans for Santa Anita Park were unveiled by Frank Stronach, owner of Santa Anita race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper26974
Newspaper
Arcadia Weekly
Date
July 22, 1999
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
July 22, 1999
Pages
p. 1
Subjects
Santa Anita Park - 1991-2000
Item ID
27173AN
Collection
Newspaper Index
Less detail

Canadian industrialist Frank Stronach unveiled the second phase of his dream to turn Santa Anita Park into an international landmark.

https://arcadiahistory.andornot.com/en/permalink/newspaper17096
Newspaper
Pasadena Star News
Date
July 17, 1999
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
July 17, 1999
Pages
p. A1
Subjects
Santa Anita Park, 1991-2000
Item ID
14527AN
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 race track sold to Frank Stronach, a Canadian billionaire businessman and horse owner. The property is valuable to the city for sales tax reasons.

https://arcadiahistory.andornot.com/en/permalink/newspaper26451
Newspaper
Arcadia Weekly
Date
November 19, 1998
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
November 19, 1998
Pages
p. 1
Subjects
Santa Anita Park - 1991-2000
Stronach, Frank
Item ID
26676AN
Collection
Newspaper Index
Less detail

Canadian industrialist Frank Stronach bought Santa Anita Park for $126 million in cash Friday, and said he will share plans with the city later this month to spend roughly half that amount on improvements.

https://arcadiahistory.andornot.com/en/permalink/newspaper16190
Newspaper
Pasadena Star News
Date
December 12, 1998
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
December 12, 1998
Pages
p. A3
Subjects
Santa Anita Park
Item ID
16936AN
Collection
Newspaper Index
Less detail

More than 1.1 million people came to Santa Anita Park this season, which began on December 26, down slightly from the 1993-94 season.

https://arcadiahistory.andornot.com/en/permalink/newspaper4543
Newspaper
Pasadena Star News
Date
April 25, 1995
Pages
p. A-3
More detail
Newspaper
Pasadena Star News
Date
April 25, 1995
Pages
p. A-3
Subjects
Santa Anita Park, 1991 - 2000
Item ID
4419AN
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

Canadian billionaire Frank Stronach, who is about to become the sole owner of Santa Anita Park, said he hasn't ruled out talking to developer Rick Caruso about reviving a project to build an outdoor mall in the race track's parking lot. Last week Caruso announced that he is no longer pursuing a development deal with Santa Anita Park's outgoing owner, MI Developments, Inc. (MID), for the upscale Shops at Santa Anita. Stronach is the outgoing chairman of MID.

https://arcadiahistory.andornot.com/en/permalink/newspaper32415
Newspaper
Pasadena Star News
Date
May 28, 2011
Pages
p. A1, A8
More detail
Newspaper
Pasadena Star News
Date
May 28, 2011
Pages
p. A1, A8
Subjects
Caruso, Rick
Malls
Santa Anita Park -- parking lot
Shops at Santa Anita
Stronach, Frank
Item ID
32613AN
Collection
Newspaper Index
Less detail

There were 39,480 people on hand Friday at Santa Anita Park for the largest opening day crowd since 1994.

https://arcadiahistory.andornot.com/en/permalink/newspaper11767
Newspaper
Pasadena Star News
Date
December 27, 1997
Pages
p. A1 w/photo
More detail
Newspaper
Pasadena Star News
Date
December 27, 1997
Pages
p. A1 w/photo
Subjects
Santa Anita Park, 1991 - 2000
Item ID
11974AN
Collection
Newspaper Index
Less detail

Frank Stronach, chairman of MI Developments Inc. (MID), the owner of Santa Anita Park, will reveal a plan for Santa Anita Park on Wednesday to horse owners and trainers and he plans to address the California Horse Racing Board (CHRB). He did not discuss details but his plan aims to revitalize the ailing horse racing industry.

https://arcadiahistory.andornot.com/en/permalink/newspaper32139
Newspaper
Pasadena Star News
Date
August 17, 2010
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
August 17, 2010
Pages
p. A1, A4
Subjects
California Horse Racing Board (CHRB)
Horses and horse racing
MI Developments (MID)
Santa Anita Park-2001-2010
Stronach, Frank
Item ID
32336AN
Collection
Newspaper Index
Less detail

Santa Anita Park's ownership changed hands on April 30 after Frank Stronach's Magna Entertainment Corp. (MEC) transferred many of its assets to Stronach's MI Developments (MID) (one of MEC's creditors), as part of a bankruptcy restructuring plan. Last week MI Developments, a real estate operating company, canceled its 2005 agreement with Caruso Affiliated to develop to the proposed mall known as The Shops at Santa Anita, but this week MI Developments hopes to work out a deal with developer Rick Caruso to build an upscale retail project in the track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper32030
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 4, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Stronach, Frank
Item ID
32227AN
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

Last year it seemed Santa Anita Park might be sold in a bankruptcy auction, but it appears owner Frank Stronach will keep an interest in the track. Under a deal arranged by Stronach's bankrupt Magna Entertainment Corp. (MEC) and its creditors in a Delaware bankruptcy court, ownership of the track would be transferred to MI Development, a real estate holding company controlled by Stronach. If a judge accepts the plan, Stronach would also retain ownership of Golden Gate Fields in the Bay Area, and Gulfstream Park in Florida. Also, it sets up developer Rick Caruso to proceed with building the Shops at Santa Anita mall that is proposed for the track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper31899
Newspaper
Pasadena Star News
Date
February 13, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
February 13, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso, Rick
Magna Entertainment Corp. (MEC)
Santa Anita Park - 2001-2010
Shops at Santa Anita
Stronach, Frank
Item ID
32096AN
Collection
Newspaper Index
Less detail

City is still unclear as to what Frank Stonach, new owner of the Santa Anita Park race track, plans to develop on the site.

https://arcadiahistory.andornot.com/en/permalink/newspaper26492
Newspaper
Arcadia Weekly
Date
January 21, 1999
January 28, 1999
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
January 21, 1999
January 28, 1999
Pages
p. 1
Subjects
Santa Anita Park - 1991-2000
Item ID
26693AN
Collection
Newspaper Index
Less detail

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

Frank Stronach, chairman of MI Developments, is scheduled to address the California Horse Racing Board to address a number of issues, including a potential new racetrack surface for Santa Anita Park and the recent cancellation of its lease with the charitable Oak Tree Racing Association. Dennis Mills, MI Development's CEO and vice chairman has said Santa Anita Park might replace its synthetic track soon, which could jeopardize hosting Oak Tree's meet there.

https://arcadiahistory.andornot.com/en/permalink/newspaper32091
Newspaper
Pasadena Star News
Date
June 20, 2010
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
June 20, 2010
Pages
p. A1, A6
Subjects
California Horse Racing Board
Chillingworth, Sherwood
Horses and horse racing
MI Developments
Oak Tree Racing Association
Santa Anita Park-2001-2010
Stronach, Frank
Item ID
32288AN
Collection
Newspaper Index
Less detail

$12 million was spent refurbishing Santa Anita Park over the summer. The Oak Tree Meet opened Wednesday.

https://arcadiahistory.andornot.com/en/permalink/newspaper10609
Newspaper
Pasadena Star News
Date
October 2, 1997
Pages
p. A1 w/photo
More detail
Newspaper
Pasadena Star News
Date
October 2, 1997
Pages
p. A1 w/photo
Subjects
Santa Anita Park, 1991-2000
Item ID
10543AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.