Skip header and navigation
Arcadia History Collection
  Revise Search

20 records – page 1 of 1.

Frank Stronach, chairman of MI Developments, the owner of Santa Anita Park, says he is optimistic his company can work out a new deal with developer Rick Caruso to build an outdoor mall at Santa Anita Park, even though he voided a 2005 joint-venture agreement with Caruso in April to build the Shops at Santa Anita mall in the race track's parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper32102
Newspaper
Pasadena Star News
Date
June 24, 2010
Pages
p. A1, A4
More detail
Newspaper
Pasadena Star News
Date
June 24, 2010
Pages
p. A1, A4
Subjects
Caruso, Rick
MI Developments
Santa Anita Park--2001-2010
Shops at Santa Anita
Stronach, Frank
Item ID
32299AN
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

Developer Rick Caruso and officials of Santa Anita Park met to discuss reviving The Shops at Santa Anita, a proposed upscale retail mall project. MI Developments (MID) had cancelled a 2005 contract with Caruso Affiliated to build the mall after bankruptcy restructuring at Santa Anita Park. Both parties hope to move forward with the mall.

https://arcadiahistory.andornot.com/en/permalink/newspaper32077
Newspaper
Pasadena Star News
Date
May 29, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 29, 2010
Pages
p. A1
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Item ID
32274AN
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

Developer Rick Caruso of Caruso Affiliated is no longer pursuing a deal with Santa Anita Park owners MI Developments to develop an outdoor mall in the race track's parking lot. The project was known as The Shops at Santa Anita. Caruso said, "We're not pursuing it, because of the (Magna Entertainment Corp.) bankruptcy...and everything else." Arcadia city councilman Mickey Segal said it's a loss of "a projected $2.5 million to $3 million of revenue (each year) to the city" in sales and property tax.

https://arcadiahistory.andornot.com/en/permalink/newspaper32406
Newspaper
Pasadena Star News
Date
May 21, 2011
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
May 21, 2011
Pages
p. A1, A6
Subjects
Caruso Affiliated
Caruso, Rick
Malls
MI Developments
Santa Anita Park race track parking lot
Shops at Santa Anita
Item ID
32604AN
Collection
Newspaper Index
Less detail

In a strongly worded letter to Canadian mogul Frank Stronach, Arcadia city officials urged Santa Anita Park's owner to work with developer Rick Caruso and finish the proposed upscale Shops at Santa Anita mall project that has been in the works for the last five years. Stronach's MI Developments (MID) voided its contract with Caruso following bankruptcy restructuring at Santa Anita Park. In a further flexing of city muscle, the letter stated that it "looks forward to working with the race track in future projects that require City approval."

https://arcadiahistory.andornot.com/en/permalink/newspaper32069
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A4
More detail
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A4
Subjects
Bankruptcy
Caruso Affiliated
Caruso, Rick
MI Developments (MID)
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Stronach, Frank
Item ID
32266AN
Collection
Newspaper Index
Less detail

Magna Entertainment Corp., owner of Santa Anita Park race track, which is in bankruptcy reorganization hearings, filed a plan that would cancel its 2005 agreement with Rick Caruso to develop the 830,000 square feet Shops at Santa Anita on the race track's south parking lot. Caruso filed an objection to the move in bankruptcy court, citing "substantial economic harm" to Santa Anita Associates, LLC, the legal entity that was going to develop the project. Santa Anita LLC has so far invested over $25 million to the project's development. Caruso is committed to developing the project in Arcadia. If the contract is indeed terminated between the parties, Magna would have to start from scratch with new plans, new environmental impact reports, and new hearings to propose another development.

https://arcadiahistory.andornot.com/en/permalink/newspaper31978
Newspaper
Pasadena Star News
Date
April 22, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
April 22, 2010
Pages
p. A1
Subjects
Caruso, Rick
Magna Entertainment Corp.
Santa Anita Associates, LLC
Santa Anita Park--2001-2010--development
Shopping malls
Shops at Santa Anita
Item ID
32175AN
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

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

Caruso Affiliated plans to put in a 4-acre lake as part of the 800,000 square feet outdoor mall proposed for Santa Anita Park race track parking lot.

https://arcadiahistory.andornot.com/en/permalink/newspaper29617
Newspaper
Pasadena Star News
Date
August 1, 2005
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
August 1, 2005
Pages
p. A1
Subjects
Caruso project
Developments
Santa Anita Park race track
Malls
Lakes - man-made
Item ID
29801AN
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

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

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

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 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

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

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

MI Developments, the new owners of Santa Anita Park, defended canceling Oak Tree Racing Association's lease for fall racing, saying the contract did not account for the true economic cost of running the race track, according to Dennis Mills, vice chairman and chief executive officer of Canada-based MI Developments. On the other hand, Oak Tree's director and executive vice president Sherwood Chillingworth said the race track was getting the better deal, as Santa Anita Park got 75% of Oak Tree's profits. Chillingworth is talking about running Oak Tree at Hollywood Park or Del Mar.

https://arcadiahistory.andornot.com/en/permalink/newspaper32073
Newspaper
Pasadena Star News
Date
May 25, 2010
Pages
p. A1, A6
More detail
Newspaper
Pasadena Star News
Date
May 25, 2010
Pages
p. A1, A6
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
MI Developments (MID)
Mills, Dennis
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32270AN
Collection
Newspaper Index
Less detail

Ron Charles, 61, who has been president of Santa Anita Park for 5 1/2 years, is resigning. His final day is today. General Manager George Haines will take over as interim president while MI Developments (MID) searches for a replacement.

https://arcadiahistory.andornot.com/en/permalink/newspaper32063
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 19, 2010
Pages
p. A1
Subjects
Charles, Ron
MI Developments (MID)
Santa Anita Park--2001-2010
Item ID
32260AN
Collection
Newspaper Index
Less detail

20 records – page 1 of 1.