"This is a once-in-a-lifetime opportunity to put nature and public access at the forefront, expand recreation and restore the waterfront so it is much more accessible. The views are spectacular out there."
"When rumors first started in July 2023 that TSG was going to close its Northern California track, it was always assumed that the land would end up the property of the state and turned into a park."
"On the surface, it appears as if the state got a great deal, getting waterfront property at almost no cost, but TSG has gets around $20 million a year as part of a redirect of simulcast money."
The Stronach Group has agreed to sell Golden Gate Fields to a nonprofit for $175 million, with plans to convert the site into a park. The deal is expected to close early next year. The Trust for Public Land aims to enhance public access and recreation in the area. TSG will cover demolition costs for existing structures. While the state acquires valuable waterfront property, TSG will continue to benefit from simulcast revenue, which would have ceased if racing resumed in Northern California.
Read at Los Angeles Times
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