At the Arcadia City Planning Commission meeting of June 13, City Manager Bill Kelly gave a brief overview of the Santa Anita Entertainment Center Project (SAEC).
The fate of Santa Anita Park remained up in the air following a sudden management shake up at its corporate parent, Meditrust Cos. Meditrust Chairman and CEO Abraham Gosman resigned Tuesday.
A grass roots committee has been formed by a group of Arcadia citizens who are in favor of Proposition M. The Arcadians for Sensible Development are urging a "yes" vote.
In a 5-0 decision, City Council gave Santa Anita Park the land-use designation it needs to develop movie theaters, restaurants and retail stores on its property.
A Los Angeles-based investment firm will infuse the Santa Anita Cos. with $138.3 million to transform the race track and shopping mall business into a broad-based sports, leisure and entertainment company.
Newport Beach real estate developer Don Koll and Leon Black of New York-based Apollo Real Estate Advisors have made an unsolicited offer to invest approximately $180 million in Arcadia-based Santa Anita Cos.
Officials at Santa Anita Companies announced Monday that they have sealed a deal to finance the construction and, if the law changes, become the majority owner in the proposed Irwindale Palace Casino.
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.
The Santa Anita Companies and AMC Theatres announced a definitive agreement for AMC to build a 25 screen multiplex adjacent to the Santa Anita Park race track and Fashion Park Mall.
The Santa Anita Companies and Meditrust, the nation's largest health-care real estate investment trust, have completed a $383 million deal to merge the two companies.
The Santa Anita Companies are disposing of non-core real estate assets as part of a long-term program which they say will improve cash flow and net income.
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.