08/12/2014 7:00PM

Fort Erie Race Track sold for undisclosed sum

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The 338-acre parcel of land that is home to Fort Erie Race Track was recently sold to a partnership led by Buffalo, N.Y.-based developer Carl Paladino for an undisclosed price. The Fort Erie Live Racing Consortium, which operates live racing at Fort Erie, announced the sale Tuesday.

The partnership purchased the property from Nordic Gaming, which had owned the land that housed the track since 1996.

Despite the sale, nothing will change in the immediate future as it relates to the setup of the track, the Fort Erie Live Racing Consortium said. The consortium, which reached a three-year funding agreement with the Ontario government earlier this year to sustain live racing at Fort Erie, will continue to lease the facility from the new ownership group and operate the track on a day-to-day basis.

The track makes up 130 acres of the property, and the new ownership group has plans to develop some of the surrounding land in the future to complement other projects, such as a $400 million motorsports track that is being built close to the racetrack.

prose perfect More than 1 year ago
I live near Fort Erie and have been to the track many times. It is actually a very beautiful track with a lovely infield and a nice grass course (comparable to Tampa Bay Downs) but the quality of horses is poor and the fields are short, as they are at most tracks. It is not interesting to watch the races run there or bet on them.
Jerome More than 1 year ago
Have you ever heard the noise at a motorsports track? The horses will love it. Good luck with that.
Marvin Friedman More than 1 year ago
Nope, seems kind of serene to me,but if I were a horse I wouldn't leave my car to argue with another driver
Chris Lowe More than 1 year ago
"$400 million motorsports track that is being built close to the racetrack" Anyone else see a problem here?
JeAnna Ramirez More than 1 year ago
I pity the poor horses once that new auto race track opens.
jon g More than 1 year ago
Why ? There will be no horse racing then
Chris Lowe More than 1 year ago
I don't believe they will race cars in the winter in Ontario, so they will race when? Oh yeah, when the horses that are STABLED there can be hear the roar of engines, squealing brakes, and fans cheering at high decibel levels. Didn't think I had to spell it out.