Proposed KY Horse Racing Track Update
Posted by Jennifer Karlen on Sunday, February 8th, 2009 at 9:09pm.
However, that proposal appears to be slowing down in its momentum. 3 of the application’s partners have withdrawn and now the last license may be up for grabs again. The 3 persons that withdrew from the process with the Kentucky Horse Racing Authority are as follows:
Randall Hubbard
Dr. Edward Allred
Paul Blanchard
And they were working together in an organization known as Sprint Racing Partners.
(To provide some background, those 3 individuals, and another person named Bruce Rimbo had previously formed Zia Partners which constructed Zia Park horse racetrack in New Mexico in 2004. The horse racetrack was then sold to Penn National Gambling for $200 million.)
The persons remaining in the Sprint Racing Partners are:
Bruce Rimbo - one of the members in Zia Partners
Johnnie T. L. Jones, Jr., attorney - founder of Walmac
Brent Rice - developer
Chris Sullivan - Outback Steakhouse founder
At the present time, no new investors are currently step forward to replace the ones that had previously been listed on the horse racing application.
So, this begs the question that if this deal isn’t going to come together - that there may be an opportunity for others that would be interested in pursuing such a venture to step in and acquire the last of the 9 horse racing licenses for Kentucky.
2 Responses to "Proposed KY Horse Racing Track Update"
At present, we are not aware of any new information.
(We report on all equestrian activities as we find out information regarding them.)
As soon as we hear something new, we'll get it posted. :)
Thanks for stopping by!
Posted on Thursday, March 19th, 2009 at 8:07pm.
Thanks for your time
Jeanette Bowman
Posted on Thursday, March 19th, 2009 at 12:19pm.