Columbus, OH – Daily Racing Form has reported that Hawthorne Race Course was sold at auction on Tuesday (July 14) to the stalking-horse bid of $90 million from a non-racing developer after no other bids matching or surpassing it were submitted.
According to Matt Hagerty in the DRF story, “Hawthorne Race Course in Stickney, Ill., has been sold to a developer who does not intend to continue racing at the property over the long term, according to a text that the Illinois Thoroughbred Horsemen’s Association sent out on Tuesday afternoon.
“The text said that the track, which filed for bankruptcy in late February, was sold to a ‘non-racing entity.’
“’At this time, all training and racing will continue as scheduled until further notice,’” the text said. “’We will provide updates as more information becomes available.’”
The bankruptcy court is expected to give final approval of the sale in a hearing scheduled for Monday (July 20).
Hawthorne is the last remaining horse racing track in the Chicago area.
To read the complete Daily Racing Form story, click here.