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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

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

Although Magna Entertainment Corp. (MEC) , the parent company of Santa Anita Park race track, filed for bankruptcy protection yesterday, the fate of the track's paymaster accounts remains uncertain. The bankruptcy judge could declare the $15 million, which was placed in the joint trust account, an asset of MEC and order it frozen.

https://arcadiahistory.andornot.com/en/permalink/newspaper31404
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A12
More detail
Newspaper
Pasadena Star News
Date
March 6, 2009
Pages
p. A12
Subjects
Bankruptcy
Magna Entertainment Corp. (MEC)
Santa Anita Park 2001-2010
Item ID
31597AN
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

Magna Entertainment Corp. (MEC) attorney Greg Scoggins appeared before a special meeting of the California Horse Racing Board to explain the impact of its bankruptcy. Track employees and horsemen will likely be protected. Satellite wagering locations that receive 2% commission on bets placed through their facilities will likely have to line up in court with other creditors to collect what is owed to them.

https://arcadiahistory.andornot.com/en/permalink/newspaper31405
Newspaper
Pasadena Star News
Date
March 7, 2009
Pages
p. A1, A8
More detail
Newspaper
Pasadena Star News
Date
March 7, 2009
Pages
p. A1, A8
Subjects
Bankruptcy
Magna Entertainment Corp. (MEC)
Santa Anita Park 2001-2010
Scoggins, Greg
Item ID
31598AN
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

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

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

Westfield, Santa Anita Shoppingtown, and Santa Anita Fashion Park, are the three plaintiffs in a lawsuit against the City of Arcadia, the City Council, and developer Rick Caruso, aimed at stopping the new mall The Shops at Santa Anita. Plaintiffs allege the environmental study done was flawed. Assistant City Manager Don Penman said the study was the most thorough one he had ever seen.

https://arcadiahistory.andornot.com/en/permalink/newspaper30546
Newspaper
Pasadena Star News
Date
May 18, 2007
Pages
p. Local 1
More detail
Newspaper
Pasadena Star News
Date
May 18, 2007
Pages
p. Local 1
Subjects
Caruso, Rick
Caruso Affiliated
Lawsuits
Malls
Mall war
Shops at Santa Anita
Westfield Shoppingtown Santa Anita
Item ID
30734AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp, owner of Santa Anita Park, is the plaintiff in a lawsuit filed against the State of California. The lawsuit alleges that the compacts between Governor Schwarzenegger and five Indian tribes is illegal.

https://arcadiahistory.andornot.com/en/permalink/newspaper29137
Newspaper
Pasadena Star News
Date
September 18, 2004
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
September 18, 2004
Pages
p. A3
Subjects
Magna Entertainment Corp.
Santa Anita Park
Lawsuits
Gaming
Slots
Native American tribes
Item ID
29322AN
Collection
Newspaper Index
Less detail

Rouben A. Yardemian owns a retail store at Westfield Shoppingtown Santa Anita. He writes in response to Rick Caruso's letter that there will not be "mall wars." Yardemian believes Arcadia is not big enough for two malls.

https://arcadiahistory.andornot.com/en/permalink/newspaper29519
Newspaper
Pasadena Star News
Date
May 16, 2005
Pages
p. A14
More detail
Newspaper
Pasadena Star News
Date
May 16, 2005
Pages
p. A14
Subjects
Caruso Affiliated Holdings
Letters to editor
Malls
Mall war
Westfield Santa Anita
Yardemian, Rouben A.
Item ID
29703AN
Collection
Newspaper Index
Less detail

Rick Caruso writes to the editor in response to the article "Arcadia braces for possible mall wars at Santa Anita." He says it will not be a war but an integrated project that should benefit his property and Westfield Shoppingtown.

https://arcadiahistory.andornot.com/en/permalink/newspaper29499
Newspaper
Pasadena Star News
Date
April 20, 2005
Pages
p. A14
More detail
Newspaper
Pasadena Star News
Date
April 20, 2005
Pages
p. A14
Subjects
Santa Anita Park race track - parking lot - development
Caruso, Rick
Letters to the editor
Malls
Caruso Affiliated
Item ID
29683AN
Collection
Newspaper Index
Less detail

Mall developer Rick Caruso has announced that he has removed 300 apartments from the proposed Shops at Santa Anita. Arcadians were concerned that the housing at the mall would contribute to overcrowding at Arcadia High School. Without the apartments, the project will be an open air mall instead of a mixed use development.

https://arcadiahistory.andornot.com/en/permalink/newspaper29865
Newspaper
Pasadena Star News
Date
January 17, 2006
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
January 17, 2006
Pages
p. A1, A6
Subjects
Caruso, Rick
Caruso Affiliated
Malls
Developers
Shops at Santa Anita
Item ID
30050AN
Collection
Newspaper Index
Less detail

Westfield Shoppingtown has hired one of the largest law firms in Los Angeles--Latham and Watkins, to slow developer Rick Caruso's proposal to build a mall on he grounds of the adjacent Santa Anita Park race track.

https://arcadiahistory.andornot.com/en/permalink/newspaper29515
Newspaper
Pasadena Star News
Date
May 12, 2005
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 12, 2005
Pages
p. A1
Subjects
Westfield Santa Anita
Law firms - Latham and Watkins
Malls
Westfield Group
Caruso, Rick
Caruso Affiliated
Developments
Item ID
29699AN
Collection
Newspaper Index
Less detail

Pasadena Star News writer Gene Maddaus comments on the latest mall war issue involving the removal of the housing units from Rick Caruso's plans and also Caruso's public relations error.

https://arcadiahistory.andornot.com/en/permalink/newspaper29888
Newspaper
Pasadena Star News
Date
January 28, 2006
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
January 28, 2006
Pages
p. A3
Subjects
Caruso, Rick
Maddaus, Gene
Mall war
Shops at Santa Anita
Item ID
30074AN
Collection
Newspaper Index
Less detail

The Arcadia Unified school board has agreed to terms with mall developer Rick Caruso, who is offering free office space to the district inside his proposed Shops at Santa Anita. Caruso is offering 22,000 square feet of office space, plus 88 dedicated parking spots, for 40 years, at no charge.

https://arcadiahistory.andornot.com/en/permalink/newspaper29956
Newspaper
Pasadena Star News
Date
March 16, 2006
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
March 16, 2006
Pages
p. A3
Subjects
Arcadia Unified School District
Shops at Santa Anita
Offices - office space
Developers
Malls
Caruso, Rick
Item ID
30142AN
Collection
Newspaper Index
Less detail

Rick Caruso, who is planning to build a new mall at the Santa Anita Park race track, invited guests from Arcadia to The Grove to get community feedback on his proposed development. He is trying to learn things about what Arcadians want or need. He expresses his philosophy and background.

https://arcadiahistory.andornot.com/en/permalink/newspaper29520
Newspaper
Pasadena Star News
Date
May 16, 2005
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 16, 2005
Pages
p. A1
Subjects
Malls
Caruso, Rick
Caruso Affiliated Holdings
Developers
Feedback
Item ID
29704AN
Collection
Newspaper Index
Less detail

A year-end review of 2005 includes a summary of the mall war between developer Rick Caruso and the Westfield Group.

https://arcadiahistory.andornot.com/en/permalink/newspaper29852
Newspaper
Pasadena Star News
Date
January 1, 2006
Pages
p. A3, A15
More detail
Newspaper
Pasadena Star News
Date
January 1, 2006
Pages
p. A3, A15
Subjects
Arcadia First!
Caruso, Rick
Developers
Mall war
Santa Anita Park race track parking lot
Shops at Santa Anita
Westfield Group
Item ID
30037AN
Collection
Newspaper Index
Less detail

Rick Caruso has agreed to pay for a revision of the environmental impact report for the Shops at Santa Anita, the proposed mall development on the parking lot of the Santa Anita Park race track. The original environmental impact report cost almost $1 million. The new revision will require new studies and new public meetings and could cost another 6-figure amount.

https://arcadiahistory.andornot.com/en/permalink/newspaper29946
Newspaper
Pasadena Star News
Date
March 8, 2006
Pages
p. A4
More detail
Newspaper
Pasadena Star News
Date
March 8, 2006
Pages
p. A4
Subjects
Caruso, Rick
Malls
Mall war
Shops at Santa Anita
Environmental impact reports (EIR)
Item ID
30132AN
Collection
Newspaper Index
Less detail

Developer Rick Caruso and his company are soliciting the Arcadia community's thoughts on his $400 million mall project slated for the parking lot of Santa Anita Park. A "scoping session" designed to solicit public views on what should be included in the environmental review will take place at City Council chambers at 7pm on April 7, 2005.

https://arcadiahistory.andornot.com/en/permalink/newspaper29465
Newspaper
Pasadena Star News
Date
April 6, 2005
Pages
p. A3
More detail
Newspaper
Pasadena Star News
Date
April 6, 2005
Pages
p. A3
Subjects
Santa Anita Park race track parking lot
Caruso, Rick
Developers
Malls
Item ID
29650AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.