Group Adds Partner for N.Y. Racing Franchise Bid
29 Aug 2006
NEW YORK – As reported by the Business First: "A group trying to take over the New York Thoroughbred racing franchise has added a new partner.
"The group is led by Empire Racing Associates and includes Louisville-based Churchill Downs Inc. and Ontario, Canada-based Magna Entertainment Corp.
"…Empire said that its new partner, New York City-based SL Green Realty Corp., would act as a real estate and financing consultant. SL Green is an investment trust that specializes in commercial properties in Manhattan.
"Empire is trying to line up a varied group of collaborators to strengthen its bid to take over the franchise, which is held by the NYRA until the end of 2007…"