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.)
H. Richard (Dick) Closson has been elected president of the Huntington Bank. Closson has been in the banking profession for more than 25 years and has resided in Arcadia for 30 years.
Arcadia City Council will be asked to determine whether they want to extend a "resolution of inducement for tax-exempt financing" for the proposed Ramada Inn (now Santa Anita Inn) project.
Deed restrictions designed to maintain architectural and landscaping standards for the Santa Anita Oaks area have been replaced by the Arcadia City Council with a special zone designed to accomplish the same end.
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.
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 Companies has announced earnings for the year ending December 31, 1981. Revenues were up 23.5%. Shares of the two companies, Santa Anita Operating Company and Santa Anita Realty Enterprises, Inc., are offered on the New York Stock Exchange under the name Santa Anita Realty Enterprises.
Ray Rogers, vice president and general manager, is celebrating his 25th anniversary with Santa Anita Park. Rogers discusses the past and future of Santa Anita.
Groundbreaking ceremonies were held Monday for Santa Anita Medical Plaza, an 86,000 square foot medical office building located on a portion of the Santa Anita Park race track property, across from the Methodist Hospital of Southern California.
The L.A. County Board of Suprevisors chose Santa Anita Associates to manage and make roughly $750,000 worth of improvements to the Santa Anita Golf Course. They are expected to renovate and expand the clubhouse and add a new banquet room and cocktail lounge.
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.
5,133 attended the first day of inter-track wagering at Santa Anita Park where wagering was offered on racing at Del Mar. $1,069,980 was wagered on the simulcast races. Santa Anita Park is one of 10 off-track wagering satellites.