Has Arlington Race Track been sold?
Arlington International Racecourse owner Churchill Downs Inc. announced Sept. 29 that it has sold the 326-acre track property in Arlington Heights, Ill., to the Chicago Bears. CDI said it had signed a purchase and sale agreement with the NFL team, which will pay $197.2 million for the property.
What is going on at Arlington Race Track?
CHICAGO – After nearly 100 years, the historic Arlington International Racecourse is closing. Saturday will be the final day of racing in Arlington Park’s history after its owners, Churchill Downs, announced plans to close the track and sell the massive 326-acre property.
Is Arlington race track still in business?
Arlington Park closes after nearly a century of horse racing in the Chicago area. For nearly a century — since 1927 — people have flocked to the suburban race track, creating years of memories.
Are the bears buying Arlington Park?
The Chicago Bears, who submitted a bid to acquire Arlington International Racecourse earlier this summer, have signed an agreement to make that purchase, potentially taking a step toward building a new stadium at the site, Mayor Lori Lightfoot’s office confirmed.
Is Arlington Park race track closing?
The Bears $197 million deal to acquire Arlington Park is expected to close in late 2022 or early 2023.
Why are they closing Arlington Race Track?
The crux of Arlington closing down is the booming gambling industry. Downs owns nearby Rivers Casino, and doesn’t want wagering competition so close.
Why did Arlington Park close down?
Arlington President Tony Petrillo said the closure is partly due to being located between both Rivers and the Grand Victoria Casino in Elgin, which could expand substantially. Petrillo started working for Arlington 28 years ago by helping to build its off-track betting parlors.
Will there be racing at Arlington Park in 2021?
ARLINGTON RECEIVES APPROVAL TO HOST SPRING AND SUMMER RACE MEET IN 2021. Earlier today, the Illinois Racing Board awarded Arlington International Racecourse with race dates for 2021.
Will Bears actually move to Arlington Heights?
The National Football League’s (NFL) Chicago Bears could complete their acquisition of the Arlington Heights Racecourse by early 2023, the team’s president has confirmed.