Meditrust will be selling Santa Anita Park race track at a lower price than the $400 million purchase price about a year ago. Due to laws changing in July, tax advantages are no longer available.
Officials with the Santa Anita Companies, owners of the race track and Santa Anita Fashion Park, have filed a formal application with the City of Arcadia to build a new 100-acre entertainment center on its property.
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.
Santa Anita Companies have submitted a down-scaled entertainment complex with the new proposal for developing the South parking lot of the Santa Anita Park race track property.
The Santa Anita Companies and AMC Theatres announced a definitive agreement for AMC to build a 25 screen multiplex adjacent to the Santa Anita Park race track and Fashion Park Mall.
Some residents north of Santa Anita Park are organizing to protest plans to build an enclosed 16,000 capacity concert arena in an unused portion of the race track parking lot.
The Santa Anita Park race track will be allowed to work round-the-clock on the renovations to be completed before the beginning of Oak Tree on September 29th.
City officials met with new Santa Anita Park owner Frank Stronach to discuss his plans for the race track. He wants to build a retail and entertainment village and an interactive horse racing theme park.
In a major retreat from its campaign to develop land south of the Santa Anita Park race track, Santa Anita Realty Enterprises has withdrawn its application to build a $300 million entertainment complex.