Re: Gulfstream in Jeopardy - I Talked To a Guy Who Knows A Guy Who Talked to a Guy (280 Views)
Posted by: Silver Charm (IP Logged)
Date: January 21, 2025 02:39PM
Without giving away any names he was/is a Lobbyist for the Family. Stronach originally paid $100,000,000 for the land. He has torn the Clubhouse down, rebuilt and I dont have any idea what kind of Land Carry he still might have 25 years later (he bought in 1999). Even at fractional profitability he could have paid some of this down in 25 years.
He could sell 5-7 acres of that land for $100,000,000. And he owns 90 acres. So you do the math and ask yourself what you would do if you were them.
The property is worth $1.5B.
Work with them and Racing can find a new home and they have the money to do it. They or I'm sure the Buyer/Buyers needs that Zoning (he wouldn't develop it). They need that Pari Mutual or Gaming License. That's your leverage....
He could sell 5-7 acres of that land for $100,000,000. And he owns 90 acres. So you do the math and ask yourself what you would do if you were them.
The property is worth $1.5B.
Work with them and Racing can find a new home and they have the money to do it. They or I'm sure the Buyer/Buyers needs that Zoning (he wouldn't develop it). They need that Pari Mutual or Gaming License. That's your leverage....
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