I am in Real Estate down here. The value of that land is massive. Developers have been pouring significant amounts of capital in down here since the post George Floyd riots and crime waves broke out in many many major cities. And when a lot of those same state Governors put the State in Lock Down during the pandemic. A good friend of mine sold a 286 unit rental near Stuart that he paid $43M for $73M 3.5 years later. He had a 6 month waiting list for renters. We sold .8 of an acre of land in Downtown Fort Lauderdale for the highest in the history of the County. And flipped another on Federal and Broward we paid $7.75M for $21M in less than a year. Stronach is sitting on a Gold Mine. Just not as Race Track.

Now years ago Hallandale told him the property would never be zoned for anything other than a race track. So he was stuck. But these Commissioners turn over and new people see permit fees, more property taxes and well more of everything $$$. So there may be people ready to play ball.

One final caveat is the Rooney Family controls the Gaming Licenses in Palm Beach County where Palm Meadows is. They own the Dog Track and bought the Jai Lai and closed it. Everything there goes through them. If the name Rooney sounds familiar its the same Family that owns the Steelers. Legend has it the Old Man did Book on the Clubhouse turn at Old Hialeah Park and made enough to start a Football Team. The American Dream indeed....

Hialeah Park? Get real. The area is a complete dump and whatever still exists is a bigger dump. It would take a massive amount of capital to upgrade what is there. No investor would go for this.

Sorry if the news is gloom but working something out at Palm Meadows is the best solution. Stronach can cash out and leave a Casino Restaurant behind. Move operations up north. But he needs the License. And once again Politics takes over. Like the Old Man did at Hialeah maybe he lets them in for Cut!!