Did they sell Arlington Race Track?
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.
Is Arlington Race Track closing for good?
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.
Who wants to buy Arlington racetrack?
the Chicago Bears
Arlington Park in Arlington Heights, Ill. Churchill Downs Incorporated announced on Wednesday that it has signed a purchase and sale agreement with the Chicago Bears of the National Football League to sell Arlington Park racecourse, a 326-acre property in Arlington Heights, Ill., for $197.2 million.
Did Chicago Bears purchase Arlington Race Track?
The Bears have signed a purchase agreement for the Arlington International Racecourse property in suburban Arlington Heights, Ill., The Athletic has learned. The Bears made the news official on Wednesday morning and are buying the 326-acre property for $197.2 million.
When did Arlington Race Track burn down?
July 31, 1985
Arlington Park burns Arlington Park Race Track’s grandstand and clubhouse were destroyed by a fire on July 31, 1985. In the following three and a half weeks the grounds were made ready to run the Arlington Million with temporary bleachers and tents covering the grounds.
Will the Bears buy Arlington Park?
The owner of Arlington Park said today that he expects the Chicago Bears will redevelop the northwest suburban racetrack with a “world-class stadium,” the first time a company official has commented publicly on the team’s highly anticipated plans for the site.
Why is Arlington International Racecourse closing?
The crux of Arlington closing down is the booming gambling industry. Downs owns nearby Rivers Casino, and doesn’t want wagering competition so close.
What is Arlington Racetrack worth?
$197.2 million
Churchill Downs Incorporated, which owns the property officially known as Arlington International Racecourse, announced that the sale price was $197.2 million.
Did the Bears get Arlington Park?
Chicago Bears say they aren’t pursuing horse racing at Arlington Park. The Chicago Bears disclosed Wednesday that they are not interested in continuing horse racing at Arlington International Racecourse, despite a report that another investor group wants to do so.
How did Arlington Race Track burn down?
Arlington Park Race Track’s grandstand and clubhouse were destroyed by a fire on July 31, 1985. In the following three and a half weeks the grounds were made ready to run the Arlington Million with temporary bleachers and tents covering the grounds.
When did Churchill Downs buy Arlington Race Track?
2000
In 2000, Arlington reopened after a two-year shutdown. In September of that year, Churchill Downs Incorporated completed its purchase of the track.