Santa Anita REAlty Enterprises has poured more than $78,000 into the campaign to defeat Measure M, the Nov. 5 ballot measure to give voters veto power over the development of an entertainment complex near the company's race track.
Santa Anita Realty Enterprises won a long-awaited victory late Wednesday as the City Council tentatively granted a commercial land-use designation for an area that could serve as the site of a major entertainment center.
At the City Planning Commission's General Plan Update meeting on April 29, 1996, an announcement was made that Santa Anita Realty had withdrawn its application for development of an entertainment center.
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.
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.
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.
The campaign over a controversial ballot measure to restrict development at Santa Anita Park race track is heating up, with two community groups coming out against the initiative and a new group being formed to support it. Measure M requires a majority vote of approval from Arcadia residents for any change in land use requested by Santa Anita.
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.
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.
Westfield America may feel threatened by Caruso Affiliated's proposed outdoor mall and residential complex on the parking lot of the Santa Anita Park race track.
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.
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.