Development

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Final Season for Hollywood Park?

Final Season for Hollywood Park?

Hollywood Park may be celebrating its 70th anniversary season, but the question remains, will the Southern California track be around in 2009 for its 71st? "I just don't know -- nobody knows," said F. Jack Liebau, Hollywood Park president, on opening day, April 23.

Decision on Lexington-Area Development Delayed

The decision to expand the Urban Service Area in Lexington, a topic that has sparked the interest of hundreds of concerned citizens at a series of community meetings the last two months, has been put on hold until early next year.

Bay Meadows Demolition OK'd; New Site Sought

The San Mateo, Calif., City Council has approved a developer's plan to demolish Bay Meadows racetrack, while an earlier announcement the track's landowner is seeking a new site for a racino in the outer Bay Area was met with skepticism by opponents.

MEC Has Partner for Gulfstream Park 'Village'

  • News

Magna Entertainment Corp. and Forest City Enterprises have entered into a partnership on the proposed Village at Gulfstream Park, a retail, entertainment, and residential development that will dovetail with racing and gaming operations at the Hallandale Beach, Fla., racetrack.

Phipps Estate Under Contract To Be Sold

  • News

The estate of Ogden Phipps has reached an agreement with Kean Development Co. for the sale of a 158-acre wooded tract of land of the Phipps family's Old Westbury property on Long Island, N.Y.

County Tables Changes in Horse-Related Regulations

  • News

Members of the Louisville, Ky. Metro Planning Commission were expected to discuss possible changes in land-use regulations Jan. 22 that could have far-reaching effects on commercial horse stables in Jefferson County. But instead, planning officials agreed to table discussion of the controversial proposals until a later date.

Disposition of Development Rights

There are a number of governmental and charitable programs for the purchase of development rights. In these programs, farm owners sell their development rights by placing a perpetual easement on the land restricting the rights of current and future owners to develop the land. When development rights are sold for less than the reduction in fair value resulting from restricting development on the land, a charitable income tax deduction may be available.

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