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.
The television cable channel HBO filmed a pilot called "Luck" at Santa Anita Park last spring, starring Dustin Hoffman and Nick Nolte. The writer and producer is David Milch, who also wrote for the "Deadwood" television series. Santa Anita Park officials hope the pilot is picked up as a series. Its exposure on HBO could mean more revenue for the race track.
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.
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."
Arcadia resident David Arvizu to challenge city on open meeting law. His letter gives city officials 30 days to respond to alleged open meeting law violations before he files a complaint with the D.A. or a lawsuit against the city. He offered two alternatives to litigation: the Council would either set aside the decisions made in closed session on May 5, or make the meeting minutes available to the public. In a closed session May 5, City Council voted to suspend comprehensive updates to the city's residential and commercial zoning codes, postpone the Neighborhood Impacts Committee, and move forward with a citywide historic preservation survey, excluding the Highland Oaks Homeowners Association. City Attorney Stephen Deitsch said officials did not violate the Ralph M. Brown Act when they voted on three "procedural" items in closed session because they were tied to pending litigation against the city.
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.
The California Horse Racing Board has approved Santa Anita Park's plan to resurface its main track with dirt. The Pro-Ride synthetic surface will be replaced by the first week of December.
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.
Santa Anita Park opens the 2010-2011 season with a new $3 million dirt surface on its track. The on-track attendance was 34,268, which was 1,400 less than last year. Trumpeter Jay Cohen calls the horses to the gate (photo).
A drainage problem forced the cancellation of horse racing at Santa Anita Park since three inches of rain fell yesterday. The track has had to cancel racing 12 times since the synthetic track was installed two years ago. In 2006, the California Horse Racing Board banned dirt surfaces from thoroughbred tracks. Santa Anita Park has tried two synthetic tracks but the surfaces have not worked out. Officials announced they will replace the synthetic surface before the Oak Tree Meet in the fall.
Santa Anita Park's current Pro-Ride synthetic track surface will be replaced with a dirt track after the Oak Tree meet ends October 31 and before Santa Anita Park's winter-spring season starts December 26, 2010. Frank Stronach said it will cost about $6 million to install.
Santa Anita Park's synthetic track surface will be removed and a new $5 million plus dirt surface, closely resembling the ones at Churchill Downs, Gulfstream Park and the Oklahoma training track at Saratoga, will be installed. Ted Malloy is the racing surface consultant. He hopes to have the new track in by December 6.
Santa Anita Park unveiled its new, all-dirt main track yesterday, allowing thoroughbred horses to get used to the natural surface three weeks before the start of the traditional winter meet. The dirt track replaces a synthetic one that failed to drain properly during heavy rains, resulting in 16 lost racing days since the fall of 2008.
Santa Anita Park owner Frank Stronach met with about a dozen horse trainers to discuss the track's racing surface. Stronach announced that he would not replace the synthetic Pro-Ride track yet, but will stick with it until he gets the ability to run the track with less state regulations. He wants free enterprise, which he may never get. In the meantime, drainage problems and injuries persist on the synthetic track. Stronach said he'd be back in April to discuss the issue more.
Experts say city violated Brown Act meeting law. Arcadia City Council made three housing policy decisions in closed session without public input. At the meeting last week, officials voted to shelve a comprehensive update to city's residential and commercial zoning codes, postpone the Neighborhood Impacts Committee, and move forward with a citywide historic preservation survey, sans the Highlands Homeowners Association. City Attorney Stephen Deitsch said the decisions came as a result of a lawsuit filed against the city targeting mansionization.
Arcadia City Council upholds delay of zoning revamp and exclusion of Highlands from historical preservation survey. Divided Council rescinds nonpublic votes, reaffirms stance on zoning delay and historical preservation.
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.
Race horse Bourbon Bay became the first horse in 17 years to sweep Santa Anita Park's trio of marathon graded turf stakes races with a half-length victory in the $150,000 Grade 2 San Juan Capistrano Handicap on closing day of the track's 75th anniversary meeting. The jockey was Rafael Bejarano, the first jockey since Laffit Pincay, Jr. in 1978-1981 to win three consecutive Santa Anita Park riding titles.
George Haines, the interim president of Santa Anita Park since Ron Charles resigned, will soon be named president. He takes the reins at a time of uncertainty and change at the track and in the horse racing industry. Some of the issues and challenges that Haines will face are discussed. Haines is 55 years old and started working for Santa Anita Park in 1972.
Trainer John Sadler, a 54-year old Long Beach native, watched from home with a knee injury, as his trainees Switch, Sidney's Candy, and Twirling Candy) win three stakes races on Santa Anita Park's opening day of the 2010-2011 season, its 74th racing season.