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Arlington Racetrack 2019/2021   Horse Racing

Started 2/13/19 by Amy (1pony); 24008 views.
gerchgo

From: gerchgo

Sep-30

I don’t care what they do, as long as it’s not in Illinois.

sandins

From: sandins

Sep-30

yep.........,just get outta there

Amy (1pony)
Staff

From: Amy (1pony)

Oct-1

They have to do something with the money or pay major Capital Gains tax

sandins

From: sandins

Oct-1

and didn't just happen, so must have been in plans for awhile.........another corrupt business, CDI

Amy (1pony)
Staff

From: Amy (1pony)

Oct-2

They had to have identified a few properties to name in the 1031 Exchange

sandins

From: sandins

Oct-2

yep...........Big business..........

Amy (1pony)
Staff

From: Amy (1pony)

Oct-15

Is this a pipe dream or could it work?

gerchgo

From: gerchgo

Oct-15

Never say never. Chicago mayor doesn’t get swayed much and the Bears might not be able to leave Chicago without significant financial loss. It’s good to be ready to jump in if the sale falls through. But they should also consider purchasing /reopening Balmoral for harness and leave Hawthorne for flat racing. The issue there is it’s in Will County, and racing’s were approved for Cook only in the northern section. That would require amendments to legislative law.

Amy (1pony)
Staff

From: Amy (1pony)

Oct-15

The Bears only lease the field I know the lease runs thru 2033 but they could make a one time payment in 2026 to leave early.

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