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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

Bankrupt Santa Anita Park race track will not go on the auction block Tuesday as planned because no acceptable opening bid has been offered. The sale of the track has been postponed. The track has court-sanctioned access to operating funds at least until the first quarter of next year.

https://arcadiahistory.andornot.com/en/permalink/newspaper31646
Newspaper
Pasadena Star News
Date
September 6, 2009
Pages
p. A1, A11
More detail
Newspaper
Pasadena Star News
Date
September 6, 2009
Pages
p. A1, A11
Subjects
Auction
Bankruptcy
Santa Anita Park - 2001-2010
Item ID
31843AN
Collection
Newspaper Index
Less detail

The California Horse Racing Board authorized Oak Tree Racing Association to have its traditional fall meet at another thoroughbred venue in Southern California since the association's use of Santa Anita Park is still uncertain. MI Developments, which is chaired by Frank Stronach, recently voided Oak Tree's contract after acquiring the race track from Stronach's Magna Entertainment Corp (MEC) through federal bankruptcy proceedings. Oak Tree's director Sherwood Chillingworth said, "If we can't make a deal with Santa Anita...we can take our dates and run them in Hollywood or Del Mar."

https://arcadiahistory.andornot.com/en/permalink/newspaper32070
Newspaper
Pasadena Star News
Date
May 21, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 21, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32267AN
Collection
Newspaper Index
Less detail

City officials of Arcadia and Monrovia are keeping an eye on the financial struggles of Adelphia, one of two cable television providers in the two cities.

https://arcadiahistory.andornot.com/en/permalink/newspaper30391
Newspaper
Arcadia Weekly
Date
June 20, 2002
Pages
p. 1
More detail
Newspaper
Arcadia Weekly
Date
June 20, 2002
Pages
p. 1
Subjects
Adelphia
Bankruptcy
Business and Industry
Cable
Item ID
30578AN
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

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

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

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

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

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

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

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

Montecito Fine Arts College of Design has declared bankruptcy but intends to reopen. The college has campuses in Monrovia, Arcadia, and Brea. The school's founder is Ed Kuckelhorn and the Vice President is his wife, Trisha Zhang.

https://arcadiahistory.andornot.com/en/permalink/newspaper31593
Newspaper
Pasadena Star News
Date
August 14, 2009
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
August 14, 2009
Pages
p. A1
Subjects
Art schools
Bankruptcy
Kuckelhorn, Ed
Montecito Fine Arts College of Design
Zhang, Trisha
Item ID
31789AN
Collection
Newspaper Index
Less detail

The Oak Tree Racing Association lost its lease to operate its fall horse racing meet at Santa Anita Park. Oak Tree has operated a fall meet at the track since 1969. Due to bankruptcy restructuring, Frank Stronach's company MI Developments took control of Santa Anita Park from Stronach's Magna Entertainment Corp (MEC). MI Developments wants to negotiate a new lease agreement with Oak Tree for fall racing.

https://arcadiahistory.andornot.com/en/permalink/newspaper32062
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
May 15, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
Magna Entertainment Corp. (MEC)
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Stronach, Frank
Item ID
32259AN
Collection
Newspaper Index
Less detail

Retail chain Anchor Blue, which began nearly four decades ago, with two Miller's Outpost locations in Ontario and Pomona, will close all of its 117 stores, including those in Arcadia, Industry, Pico Rivera, Montebello and West Covina. Its parent company, Anchor Blue Holding Corporation filed for bankruptcy protection on January 11, for the second time in two years. Miller's Outpost began in Ontario in 1948, when brothers Dave and Lou Miller founded Ontario War Surplus, which became Miller's Surplus. The brothers split, and Dave opened the first Miller's Outpost locations in 1972.

https://arcadiahistory.andornot.com/en/permalink/newspaper32294
Newspaper
Pasadena Star News
Date
January 18, 2011
Pages
p. A19
More detail
Newspaper
Pasadena Star News
Date
January 18, 2011
Pages
p. A19
Subjects
Anchor Blue
Bankruptcy
Miller's Outpost
Retail stores
Item ID
32493AN
Collection
Newspaper Index
Less detail

Santa Anita Park's owner MI Developments canceled a meeting with the Oak Tree Racing Association last week and said they could not meet the association's June 4 deadline to agree on terms for a new lease. Sherwood Chillingworth of Oak Tree Racing Association would prefer to stay at Santa Anita Park but has to consider Hollywood Park and Del Mar.

https://arcadiahistory.andornot.com/en/permalink/newspaper32085
Newspaper
Pasadena Star News
Date
June 8, 2010
Pages
p. A1
More detail
Newspaper
Pasadena Star News
Date
June 8, 2010
Pages
p. A1
Subjects
Bankruptcy
Chillingworth, Sherwood
Horse racing
MI Developments (MID)
Oak Tree Racing Association
Santa Anita Park--2001-2010
Item ID
32282AN
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

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

18 records – page 1 of 1.