SAN MATEO, Calif. - The Bay Meadows Land Company, owner of Bay Meadows Racetrack, has taken a major step towards running its own race meet with the formation of the Bay Meadows Racing Association, which will operate the track beginning Jan. 1, 2005.
The Bay Meadows Land Company currently leases the track to Magna Entertainment Corporation, which holds two race meets per year at the facility and also owns nearby Golden Gate Fields. The creation of the new entity, however, signals that the company will not extend its lease with Magna when it expires on Dec. 31.