Illini Classic Sale!

[horses first]

Really? Dates have been requested but they are not rewarded until Sept 16 IRB meeting. U may hold your breathe to see want Arlington really does with those supposed dates for 2021.

[cigar]

Really? Dates have been requested but they are not rewarded until Sept 16 IRB meeting. U may hold your breathe to see want Arlington really does with those supposed dates for 2021.

Your right, the end of the world is coming
There won’t be any racing until 2099 again

[horses first]

Maybe it is do you have some set info on China releasing another virus?

[Winners Win]

Really? Dates have been requested but they are not rewarded until Sept 16 IRB meeting. U may hold your breathe to see want Arlington really does with those supposed dates for 2021.

What do you see as the threat with Arlington?  I don't see them having enough horses to displace harness at Hawthorne.

[horses first]

This would be my take if Arlington gets the dates requested which they have a 2021 contract with the horsemen in place. That CDI gets a offer on the land or decides to pull out of the dates that Carey's have a decision to keep thoroughbreds from leaving the state after the spring dates are raced then switch to harness. That the Carey family has run 110 years of thoroughbreds that if the summer meet gets cancelled what happens with the horses? They need to race which means leaving Il and heading to another state which then fears horses don't come back for racing in the fall. Horsemen not making anything with the already small purses are paying twice moving horses around...not a expense they want to add in.  There will be plenty of pressure on the Careys by the horsemen to race that summer meet as thoroughbreds not harness. I know Carey's are still working with and on a new track for harness but this coming summer could have a wrench thrown in with CDI. Remember CDI is a stock price with share holders and that's the only people they feel they need to cater to and are now a casino player then racetrack operators. Along with them owning 60% of Rivers casino they have made it public having no interest in competing against the casino with the racetrack and adding slots and gaming. While they are also wanting to own another casino in IL with Waukegan. That would be my take WW on a scenario that could play out. I'm not sure if CDI is actively shopping a prime 300 acres in Arlington especially with these low interest rates that could get a housing project and or low 0 rates for someone borrowing or leveraging next to nothing to build.

[horses first]

A friend and I were talking about CDI buying Arlington that it has been 20 years already. At the time the stock on average was worth about 8 dollars and RLD received over 3mln shares of stock, two board seats, and over 25% of CDI stock holder by far the largest single holder. In 2015 RLD sold some 900k shares back at a price of 44-45 and CDI bought those shares back. RLD still holds a 1.0mln or so shares at 173 dollars today. So 20 years ago those 300 plus acres are valued at what in 2020? Then they buy back at least a 1/3 shares back at 45 and now worth 173 been a great deal for both. CDI gets to sell off a prime property and not deal with horse racing.

[cigar]

Horse first let’s kill your theory once and for all here
$300 million prime real estate sold well below market value
$50 million for cleanup well below the actual cost
600 $1 million dollar homes built in this economy good luck
At let’s say 300k build out for 1/2 acre homes
Total cost to build out for developer $530 million over let’s say 5 years
to make maybe $70 million at best
Or build a big mall just 5 miles from woodfield mall?
 

YOU ARE NUTS

[LUCPARK]

whats going on

Harvey?

you blowing up today

whats gots you all uptight my good friend..



genos havin a good yr,,

jimmy is out of ill racing just givin us his opinion



,,its all good ,,

harness dates have been out  but not technically

buts its not the worlds biggest secret

same date for harness as last yr,,

and no winter meet

,,that's about it

[cigar]

 
You got me I’m a beard trainer
The real trainer is the gray fuc 

[LUCPARK]

RIVERS CASINO IS KILLING IT

ALSO OWNED BY CHURCHILL  ..FEW SECONDS FROM ARLINGTON PK

THEY HAVE NO INTEREST IN ARLINGTON TBREDS  AND SLOTS ANY LONGER

IF THE GUY GETS HIS LICENSE APPROVED AND TINLEY PARK HARNESS  TRACK GETS BUILT

HARNESS WILL GO  RACING 9 MONTHS OUT OF THE YR

WHICH MITE SAVE HARNESS IN THIS STATE ESPECIALLY WHEN SLOTS GET BACK

..

THE RECAPTURE MONEY HAS FCKED THE GOOD OWNERS AND HORSEMEN IN ILL RACING FOR DECADES

THANKS TO THE JOHNSTONS AND IRB ,,

HOPEFULLY EVERYTHING WORKS OUT

 FOR THE GOOD PEOPLE OF ILL HARNESS RACING

I CKED OUT OF ILL RACING 5 YRS AGO  WONT BE BACK

[horses first]

Cigar what you said in that incoherent ramble just made anyone dumber for reading it. Listen and if I could draw it in crayon for you CDI paid 24mln appox for the property 20 years ago. Three million shares pick a price between 7 and 8 a share that year. Lets say for shits and giggles 26mln. RLD sells 900,000  shares back at 45 dollars and CDI bought them back didn't go to the public. Shares today worth 173.00. That five year windfall of 900k shares at 128 profit is 115mln. They may have bought back the other 1.1mln shares as well? Do you think CDI gives a shit if they sell it for 300mln, 200mln, or 150mln? It's free cash dumbass and free cash to buy a casino license and NOT have to worry about horse racing. There may be a 2021 contract in place with horsemen but Cigar what happens after if they are so lucky to race next year? And dumbass if rates are zero over the next decade and someone sitting on that much money to burn will earn 13.5% or 2.7% a year over that five year 70mln profit you came up with which is better then any bond or CD.

[cigar]

It doesn’t matter what they paid for it back when
It’s current value that counts for stock holders that’s a fact jack
Current value of property is in the 300 plus million range, so NO they won’t be selling it at a huge discount because grandpa bought it cheap.
I know you hate Illinois racing and all but you are clearly WRONG!
Plus Arlington heights has to approve any redevelopment of property good luck! There won’t ever be a mall there.

[horses first]

I don't hate IL racing there is lack of quality mares and trotting sires so why bother? The trainers I would give a quality trotter to have left and drivers are few and far between. What's left in IL good for them. Once slots ever come they will bring satellite stables, trainers may come back, may be some owners, and the ones that stuck it out will be the ones suffering to get a check.

By the way who is valuing that property at 100k a acre is that in the public? Don't worry CDI will do what they think is right and they know racing at Arlington is not the future. That's not me hating IL racing just the...truth!

[cigar]

That’s the value of that area, CDI is pushing for a reduced tax rate on a casino at the track more than anything. Arlington heights already threatened them with a landmark position on the track in the past. So it’s politics back and forth. CDI is probably not getting a Waukegan position unless something happens. So selling the property at a HUGE discount won’t make any shareholders happy. That track will either get a slim down operations or get sold as a track with a limited gaming agreement for X amount of years going forward.

[slivercharm]

It doesn’t matter what they paid for it back when
It’s current value that counts for stock holders that’s a fact jack
Current value of property is in the 300 plus million range, so NO they won’t be selling it at a huge discount because grandpa bought it cheap.
I know you hate Illinois racing and all but you are clearly WRONG!
Plus Arlington heights has to approve any redevelopment of property good luck! There won’t ever be a mall there.

Any money will be welcomed if Arlington has no casino or racing

Not a hard concept to grasp

And yes $70M PROFIT would be welcomed even for a $500M investment as u say

Trust me I know numpers