A 60-acre parking lot on land adjacent to shuttered Hollywood Park has been acquired within the past month by developer Stan Kroenke, owner of the St. Louis Rams.
The Inglewood City Council, as expected, gave final approval on July 8 to several zoning and specific plan amendments allowing the owners of Hollywood Park to replace the track with a massive real estate development.
The Inglewood City Council approved a final environmental impact report and a significant land use revision June 3 that would allow the conversion of the 238-acre Hollywood Park racetrack site to a mixed use development.
Historic Hollywood Park, under the eminent threat of redevelopment, opens for its 70th and possibly final spring/summer racing season on April 22. Some say now is not the time.
The California Horse Racing Board got a bit of good news March 19 when the president of Hollywood Park assured commissioners that it would run its 2009 fall/winter meet as planned. The board also received an update on bankruptcy developments from Magna Entertainment Corp.
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