Magna Seeks License for New Pennsylvania Track

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Magna Entertainment Corp. announced late Tuesday that its indirect wholly-owned subsidiary Allegheny Thoroughbred Racing Association, Inc., has filed an application with the Pennsylvania State Horse Racing Commission for a license to conduct Thoroughbred racing at a racetrack to be constructed in Allegheny County, Pennsylvania, northwest of Pittsburgh.

The proposed site for the new racetrack is in Findlay Township, on a property that is situated less than three miles from the Pittsburgh International Airport and less than 18 miles from the center of Pittsburgh's business district.

Jim McAlpine, president and chief executive officer of MEC, remarked: "For quite some time we have believed that Western Pennsylvania is a prime market for a new Thoroughbred racetrack. We are delighted that we have secured a site that we think is ideally located for a new track. We believe that the Thoroughbred racing at our planned facility would complement the harness racing that we currently conduct at The Meadows, in Washington County, Pennsylvania."

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