Neil Milbert in the Friday (July 24) issue of Harness Racing Update reported about the recent purchase of bankrupt Hawthorne Race Course by Delaware-based company Allimac 23 LLC, with the intention of tearing it down and developing the land for commercial purposes, as well as issues yet to be resolved following the sale.
Tag: Hawthorne Race Course bankruptcy
Hawthorne sold at auction on Tuesday to non-racing developer
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.
Judge extends Hawthorne deadline for bids
On Monday (June 29), a bankruptcy court judge in Illinois extended the deadline for Hawthorne Race Course to accept bids to purchase the racetrack according to a story in BloodHorse.