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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (34963)7/7/2005 12:14:50 AM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Wow, 238 "prime" acres for only 260 mil, and they get the ponies for free!<NG>

yahoo.reuters.com

Churchill Downs Inc. (CHDN.O: Quote, Profile, Research) , the racetrack operator, said on Wednesday it agreed to sell the Hollywood Park racetrack, home to the Hollywood Gold Cup, and surrounding acreage to Bay Meadows Land Co. for $260 million.

Notice that it wasn't bought by a gaming company per se, it was bought by a "real estate fund".