05/10/2013 3:31PM

Hollywood Park grandstand early target for developers

Benoit & Associates
Track president Jack Liebau says the dismantling of Hollywood Park will begin in January.

INGLEWOOD, Calif. – It will not be long after the last race has been run in December and the horses have been shipped out of the stable area before the dismantling of Betfair Hollywood Park will begin next winter.

Hollywood Park announced Thursday that the 75-year-old track will run its final race meeting from Nov. 7 to Dec. 22. Track president Jack Liebau said in an interview that the demolition of the property will begin in January 2014.

As a racetrack, Hollywood Park will be reduced to memories.

“Everything is planned,” Liebau said. “It’s something we all knew was inevitable.

“The grandstand will be one of the first things to come down. They’ll be ready to break ground in 2014.”

The track’s property will be developed for residential and commercial purposes, with single-family homes, condominiums, and townhouses as well as retail and office property. The retail development will include a 16-screen movie theater, Liebau said. In addition, 25 acres, including one 10-acre parcel, will be dedicated to green space for parks.

Liebau said planning is complete.

“All the entitlements are done,” he said.

There will be simulcast wagering on the property, but details have not been finalized, Liebau said.

The track has hosted year-round simulcasting since 1987. A casino adjacent to the racetrack has a race book on its ground floor, which is used on dark days for simulcasting.

During the recently concluded Santa Anita winter-spring meeting, Hollywood Park had an average daily handle of $521,181, according to Liebau, providing vital revenue for purses on the circuit.

“I’m sure we’ll have some, but I don’t know how big it will be,” Liebau said of the simulcasting arrangement. “We realize the importance that Hollywood Park has as an offtrack facility, so we’ll do what we can to maintain that handle.”

As for the remainder of the year, Liebau said, “It will be business as usual.”

Liebau expects a boost in attendance at the fall meeting, with racing fans wanting a final day at a track that has been a fixture in Southern California racing for decades.

Liebau has experience in that capacity. He oversaw the closure of Bay Meadows in Northern California in 2008.

“We’ll operate as we have in the past,” he said. “The last few months at Bay Meadows were surprisingly good as far as attendance was concerned.”

Saw Mill Worker More than 1 year ago
About time they close the money loser
Bob Fasching More than 1 year ago
I've been to Hollywood Park enough. No chance I go there for sentimental reasons.
Anonymous More than 1 year ago
While I do appreciate the appeal of a simulcast facility, for the camaraderie of horseplayers and the opportunity to do things like live contests, in some ways they are like investing in print media. I can sit on my own couch and watch racing on TVG and HRTV, and satellite if I am willing to pay. I have my selection of websites I can play the races on, and I get more information than at the track or simulcast, such as direct place and show odds, exotic prices at my fingertips, etc. Racing needs to keep up, and many people don't need to go to the racetrack to play the races, and won't, especially the younger generation we need to bring into the game to keep it going.
David Rose More than 1 year ago
LimitPokerCraig More than 1 year ago
Everyone should boycott this place effective immediately....why continue to feed these greedy bastards until they close...don't attend or bet a dime on this track & start today, screw them:(
Forego137 More than 1 year ago
This land developement co. has a good spokesman who's first three letters in his name spell "LIE" bau, Inglewood has already developed extensively in the neighborhood from a Target Cosco various eateries Home Depot Banks clothing stores and no one goes there and now they think some one will live there. LMAO ....... Good luck on having that work out. Tear down Hollywood Park and be prepared from that backlash that will be created in the racing industry and the City of Inglewood. SAD DAY IN RACING ! ! ! !
cody e More than 1 year ago
Centennial Park in Denver met the same demise.
Forego137 More than 1 year ago
Kerry Showalter More than 1 year ago
Stupid people. Do they know that this area is INGLEWOOD? And it is in the way of a Major airport flight path. It is fun to watch stupid people with money crash and burn.
David Rose More than 1 year ago
Rob Tyler More than 1 year ago
Don't fall for that "there will be simulcasting on the property" line...I live 2 minutes from the demolished Garden State Park which is now the same thing..Over 55 condos, Cheese Cake Factory, Wegmans, etc. etc....but you know the one thing that isn't there.....6years later???? THE SIMULCAST FACILITY !!! NOTHING!!! Got fed the b####T line "oh, were saving a big chunk of property to build a state of the art simulcast theater" YEAH RIGHT!!! All you in California are being fed the same greedy, creep line we all got here in NJ... want a SURE BET?? bet that there will never be any simulcast facilty on those grounds !!!