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Thursday, December 11, 2008

Notes - Dec 11

- Two winners and a very close second for Contessa on Wednesday after a 1 for 29 start on the inner track (in addition to another second, and a third). All of those three had last raced in New Jersey, and two, 7th race winner West Coast Flyer and 3rd race runner-up Tide Runner, were moving up in class fresh off the claim, for Winning Move.

The stable of trainer Mike Hushion is in sharp form; he ran 1-2 in Wednesday's 6th race, and took today's opener with class dropper City Spirit; that's four winners from 12 starters on the inner track.

- Here's an interesting comment on the last post. The reader tells of speculation that some horsemen themselves, already used to the squalid backstretch conditions at Philly Park, are in cahoots with Greenwood in slowing the progress of barn renovations with an eye towards dissuading outsiders at crashing the big purse party there. Certainly some perverted logic there given the fact that the locals are already struggling to find spots for their horses.

- Developer Louis Cappelli says that he's still "on schedule" with the heart of his grand plan for the Concord. Though some aspects of the complex will be moved to a second phase, the new Monticello harness track, along with the racino, hotel, and retail shops are on target for summer 2010. Cappelli also scored an additional $200 million in bond proceeds.....if of course, given market conditions, the Sullivan County Industrial Development Agency can get the issue done.

"The only thing we are keeping our eyes on is the bond market because we are going to sell bonds for the project," Cappelli said.
Cappelli said the faltering economy has made it harder to lock down financing. He has been paying for the project out-of-pocket and with short-term bridge loans.

"I get sick every time I watch the financial news, but I am determined to move ahead and we are, quickly." [Times Herald-Record]
Unlike a certain other racino project we know of that's dependent on a bond issue.


Anonymous said...

At Philly, there are only struggles to fill the bottom level claiming price maiden races and conditional claimers, the bread and butter of Philly racing. You'lll see allowance races carded with 5, run with 4 all the time. As most horses on the Philly backside are for sale in the claiming box for whatever price they can get, this is why there is a line to get in. Why not try and run him for $5,000 when if you're a PA bred being held together with meds and taps, and win your winner's share with bonus is about $17,000, three times more than the horse is worth! This is a gimic that the local boys want all to themselves.

Anonymous said...

just read my post above about Philly. I meant to say "struggles to GET IN bottom level claiming races."

sorry about that.

Anonymous said...

Skelos is due to do something budget related on Monday & Paterson on Tuesday. I wonder if the now mystery VLT project at Aqueduct is discussed in earnest?