Horse Racing's Decline May Be Cities' Infill Opportunity

No fewer than four of California's once-proud of racetracks have entered some form of bankruptcy, redevelopment, or uncertainty. With attendance and handle down at California tracks – as at tracks across the country – rare opportunities are emerging to redevelop outsized parcels that sit amid heavily urbanized areas. Thanks in part to competition from off-track betting and Indian casinos as well as nationwide trends, Bay Meadows Racetrack in San Mateo has already been demolished, and Inglewood’s Hollywood Park could cease racing operations and face demolition as early as August.