Portland Meadows’ Uncertain Future
“Scott Daruty, Toronto-based Magna’s chief US counsel, said Magna, which has already invested millions into the Meadows facilities since purchasing it in 2000, doesn’t want to fully subsidize the track. ‘We’ve invested and operated at a loss for a number of years, and we’re not going to do that any more,’ he said.” Government and business leaders have lots of ideas for the track if it closes — ideas like big box stores and industrial development. Lose a track, gain a Wal-Mart? How horrible. (MSNBC)
