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Arlington Racetrack 2019/2021   Horse Racing

Started 2/13/19 by Amy (1pony); 26003 views.
Amy (1pony)
Staff

From: Amy (1pony)

10/15/21

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.

gerchgo

From: gerchgo

10/15/21

Yes, but they need that money to purchase and develop the site. 

Amy (1pony)
Staff

From: Amy (1pony)

10/16/21

The Bears will need to find a partner to help them build the stadium (probably a company who will get the naming rights).

But 84 Million to buy out the lease isn’t that much when you consider the $$ a new stadium will bring in for them.

gerchgo

From: gerchgo

10/16/21

Yes Arlington is in cook, but Balmoral is in Will county.

sandins

From: sandins

10/16/21

sorry,as I read your message wrong and don't even know about Balmoral!

gerchgo

From: gerchgo

10/16/21

Once upon a time Balmoral ran flat races, then switched over to harness. It closed and was sold to a horse show event company, which did run for 2 years before moving to a northern Illinois site. Barns have been completely redone and track could easily be installed again as they didn’t change much of it, so it could be used for that again. But, it is in Crete, Illinois and Will County, so not viable under law for Cook County.:(.   Only 15 min from my house….

sandins

From: sandins

10/16/21

WOW.........did research about it after you mentioned and saw about the new barns, etc..........what a waste,........so who is the current owner,as that seems to be a mystery?

gerchgo

From: gerchgo

10/16/21

I think it was sold to a group that wanted to return it to harness with casino. But, it seems some of those partners have had some questionable experiences in other endeavors, if you catch my drift. And because it has to be approved/checked with the government, it’s not been approved.

sandins

From: sandins

10/16/21

yes...racino and read about them with a questionable past 

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