California racing faces a trying time for the next couple of years, at least. Several tracks are at risk of closing or being sold, with one closing for good on August 17.
Bay Meadows in the bay area city of San Mateo is first on the chopping block. Opened in 1934, the historic track hosted racing legends such as Seabiscuit, Citation, Native Diver, Cigar, and the most recent star, Lost in the Fog. Johnny Longden, Bill Shoemaker, Laffit Pincay, Jr., and Russell Baze all won races at Bay Meadows to aid in breaking the former’s record for most career wins. Baze, who gained many of his victories at “Baze Meadows”, is currently North America’s winningest jockey. The track also featured the debut of such technological breakthroughs as the photo finish and electronic tote boards and starting gates. Inside Bay Area provides a time line marking some of Bay Meadows’ most important moments. The current San Mateo County Fair runs now through August 17. Bay Meadows Land Co. owns the track property now and will profit from its redevelopment this fall. The loss of Bay Meadows means that only one major track, Golden Gate Fields, and several fair meets will have to fill the entire northern California racing calendar.
Hollywood Park has no set timetable, but it seems almost certain that it will be razed within the next couple of years. Bay Meadows Land Co. also owns the Inglewood property. They have committed to running through the 2009 Spring-Summer meeting, but beyond that there will be only a few months’ notice on the status of the track. Hollywood Park is dripping with even more history than Bay Meadows, and is an integral part of southern California racing.
On top of this “old” news, the Blood-Horse reported that Magna Entertainment Corp. is considering selling its Arcadia property, Santa Anita. The thought that one of America’s crown jewels of racing is at risk, especially at this juncture, is enough to send shivers up one’s spine. However, a September 2007 article in the Los Angeles Times reported that the track land can be used for horse racing purposes only.
One truth applies to nearly every horse racetrack in the country: the land itself is more valuable as a residential, commercial, or industrial property. This is not only true for a track, but also for many, many properties that are currently supporting sports venues, parks, or other diversionary uses that do not provide their owners a substantial profit, or the local government with enough tax dollars. With the advent of off-track betting sites and internet wagering accounts, on-track crowds have fallen across the nation, though betting has not suffered. The problem is that the tracks who host the actual, physical races for betting have lost out on the pie, and their suffering does not bode well for their future.