Admiration is Justify-able. Horse racing's newest and still undefeated Triple Crown Winner returns to home turf Santa Anita Park for a victory lap. The Triple Crown means winning the Kentucky Derby, Preakness Stakes and Belmont Stakes.
Frank Stronach, chairman of MI Developments, is scheduled to address the California Horse Racing Board to address a number of issues, including a potential new racetrack surface for Santa Anita Park and the recent cancellation of its lease with the charitable Oak Tree Racing Association. Dennis Mills, MI Development's CEO and vice chairman has said Santa Anita Park might replace its synthetic track soon, which could jeopardize hosting Oak Tree's meet there.
If race horse "California Chrome" wins the Belmont Stakes tomorrow to complete a Triple Crown sweep, then this could help the racing industry. The industry will try to turn attention attracted by the first Triple Crown in 36 years into a revival of the sport's popularity. Santa Anita Park executives hope a crowd of 30,000 will show up Saturday to watch the Belmont on TV screen. Betting at Santa Anita Park has declined 40% between 2002 and 2011 before ticking up the last two years.
Dennis Mills, vice chairman and CEO of Canada-based MI Developments, which owns Santa Anita Park, said the company will be unveiling a new business plan. This new business plan has many horse racing industry people worried about the future.
Santa Anita Park race event 2012 Sunshine Millions tomorrow. Horse named Caracortado is shown with jockey Paul Atkinson (from a 2010 Preakness Stakes photo).
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.
Santa Anita Derby Millionaire contest returns to Santa Anita Park. Six contestants will get the chance to win $1,000,000 on one wager. The track will provide $1000 bets on each horse in the race. Whichever horse wins, the contestant keeps all the money and is assigned the same horse for the Kentucky Derby. If that horse goes on to win the Triple Crown by winning the Kentucky Derby, Preakness Stakes, and Belmont Stakes, that fan would win a one million dollar jackpot.
Santa Anita Park jockey Victor Espinoza wins Triple Crown on a race horse named American Pharoah, the first jockey in 37 years to win it. He is the first Latino and the oldest to win the Triple Crown. He credits prayer, sleep, and sheer grit.
Trouble at Santa Anita Park. According to figures taken from Equibase, Santa Anita Park's total handle was down $77.1 million, or 17.7% from a year ago. If the current trend continues, the track's all-sources handle could show a decline of more than $100 million for the 2010-2011 meet. George Haines, the president of Santa Anita Park, has other troubles, including some wet weather, a players' boycott, and the inconsistencies of a new dirt racing surface.
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.
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.
Live racing returns to Santa Anita Park for its Autumn Meet, which runs September 30-November 6, 2011. This fall features racing on Thursdays through Sundays.
Santa Anita Park will host the Oak Tree Racing Association's fall meet one last time. Oak Tree's five-week fall meet has been held at Santa Anita Park since 1969. Frank Stronach, chairman of MI Development (owner of Santa Anita Park), said he doesn't want to have a tenant (Oak Tree) in the long run and talked about deregulation of the horse racing industry.
Jockey Victor Espinoza, pictured at Santa Anita Park, was honored at Edwin Janss Gregson Foundation's annual dinner. He is a Thoroughbred Racing Hall of Fame and Triple Crown jockey.
Five things to watch for at Santa Anita Park's Autumn Meet: 1. Riding excellence by jockey Rafael Bejarano, 2. Magic touch of Bob Baffert, 3. Beholder, the first female to win Pacific Classic at Del Mar, 4. Triple Crown Winner American Pharoah will be seen training, 5. Derby hopeful Nyquist.
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.
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.