Arcadia would lose approximately $472,268 yearly if Santa Anita Park race track were to close down and the 324 acre facility were to be developed with low density residential units. Losses would be partially offset by $190,750 in new property taxes and $278,482 miscellaneous taxes. New city services would account for a 6.18% increase in the city budget.
A spokesperson for Santa Anita Consolidated has indicated that there is no intention of moving the Santa Anita Park race track to the $100 million sports complex proposed for the City of Los Angeles by Hollywood Park, Inc.
An ordinance will be introduced for first reading by Arcadia City Council whereby the city would receive .33 of 1% of parimutuel wagers at Santa Anita Park race track. If ordinance is approved, city would eliminate admission tax.
The California Museum of Science and Industry in Los Angeles has applied for a 2 week fair race meeting, to be held at Santa Anita Park Race Track from September 30 to October 10, 1979.
On a 4-1 vote, Arcadia City Council gave first reading to an ordinance whereby the City elects to receive a 1/3 of 1% of parimutual wagers at Santa Anita Park Race Track. Adoption means the city will not charge an admission tax.
Santa Anita Park will have thoroughbred racing from December 26 through April 22, a season expanded by two weeks. The horse racing bill AB 3383 provided other changes in the sport that will affect Santa Anita Park.
Council revises tax for admissions over race track protests. The revisions recommended apply to the existing admissions tax (a tax on other events, entertainment, amusement or competition other than horse racing held on premises with a capacity of 1,000 or more.)
30 people were injured on opening day at Santa Anita Park when two men became involved in an altercation. One dropped a gun and this was enough to cause a wave of panic which spread through the crowd.
The current racing meeting will open Thursday December 27. Sunday racing will be inaugurated for the first time in Arcadia. Track officials are uncertain as to how the energy crisis will affect operations.
A bill that could generate an estimated $700,000 yearly in additional race track revenue for Arcadia cleared the State Assembly on Thursday and now heads for the Senate. The bill, AB 2780, seeks to authorize Arcadia and other cities to collect up to 1/3 of 1% of the total amount bet at a race track within their boundaries if the city were willing to forego any tax on admissions or parking. Arcadia has never charged a parking tax at Santa Anita Park. Arcadia city officials are neutral at this point, according to City Manager George Watts.
Santa Anita Park Race Track would like to build a helipad on the hillside on the north edge of its property and has sent a letter to its neighbors to the north asking if they have any objections.
City Council met with representatives of Santa Anita Park race track to discuss the possibility of raising the admissions tax. Council is concerned with the cost of traffic control. Benefits to the city from the track have increased 22.6% in the past two years and 43% the previous season.
City Council delayed action on racetrack tax. Tucker Bill provides that a city with race track be given .33 of 1% of the parimutual wagers instead of charging admission tax.