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#1
05-14-2010, 07:24 PM
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MI Development Ends Contract with Oak Tree
MI Developments Ends Contract with Oak Tree
By Eric Mitchell MI Developments has ended a lease that allows the Oak Tree Racing Association to operate at Santa Anita Park several weeks after the not-for-profit racing association thought its lease had been tentatively reaffirmed. “We just got notified today, though we heard about the decision a couple of days ago,” Sherwood Chillingworth, Oak Tree’s executive vice president, said May 14. “It was a surprise after we just had a reaffirmation of the lease.” Chillingworth told the California Horse Racing Board at its April 15 meeting that the long-term lease at Santa Anita had been reaffirmed and was expected to run through 2016. Oak Tree, a not-for-profit association that has leased Santa Anita for fall racing since 1969, hosted the 2008 and 2009 Breeders’ Cup World Championships. After those two successful events, Santa Anita is under consideration as permanent host site of the Breeders’ Cup. Last edited by Kasept : 05-17-2010 at 09:07 AM. 
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#2
05-17-2010, 06:15 AM
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Del Mar, Hollywood reach out to Oak Tree
By Steve Andersen Officials with Del Mar and Hollywood Park have informed the Oak Tree Racing Association that their racetracks are available for a race meeting in October if Oak Tree is unable to reach an agreement with Magna International Development on a lease at Santa Anita later this year. Last week, MID, the parent company of Santa Anita's owner Magna Entertainment, voided its lease with Oak Tree, which hosts an annual fall meeting at Santa Anita. MID chief executive officer Dennis Mills declined on Friday to state what terms MID wants from Oak Tree in a new lease. Officials with Oak Tree and MID are expected to discuss new lease terms in coming weeks. Oak Tree has leased Santa Anita for its annual fall meeting since 1969.
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All ambitions are lawful except those which climb upward on the miseries or credulities of mankind. ~ Joseph Conrad A long habit of not thinking a thing wrong, gives it a superficial appearance of being right. ~ Thomas Paine Don't let anyone tell you that your dreams can't come true. They are only afraid that theirs won't and yours will. ~ Robert Evans
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#4
05-17-2010, 12:27 PM
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Paul
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#5
05-17-2010, 12:33 PM
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05-17-2010, 12:52 PM
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#7
05-17-2010, 01:26 PM
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