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  • Flower Alley sire of Bouquet Booth 1st Alw (May 24, 7th CD). Owner, Right Time Racing LLC; Breeder, Brookdale & Dr. Ted Folkerth...
  • Petionville sire of Wups 1st Thoroughbred Maiden Derby (May 23, 9th BOI). Owner, Paul Treasure; Breeder, Michael Iavarone...
  • City Weekend sire of City Sweets 1st Mdn (May 23, 3rd IND). Owner, Mast Thoroughbreds LLC; Breeder, Robert Gorham & Mast Thoroughbreds LLC...
  • Chapel Royal sire of Mr Rodriguez 1st Mdn (May 24, 2nd BEL). Owner, Imperio, Michael and Loftus, Elizabeth; Breeder, Jill Imperio & Daniella Corian...
  • Latent Heat sire of Heated Troubles 1st Mdn (May 24, 5th RD). Owner, Ashleigh Stud; Breeder, Ashleigh Stud, Frank Ramos & JackieRamos...
  • First Samurai sire of Nakano 1st Alw (May 24, 8th CRC). Owner, Thoroughbred Futures Racing; Breeder, Hubert Vester...
  • Medaglia d'Oro sire of Dealer 1st Alw (May 23, 8th CT). Owner, Coleswood Farm, Inc.; Breeder, Family Broodmare, LLC...
  • Hard Spun sire of Gleaning 1st Mdn (May 23, 4th PID). Owner, Robert T. Manfuso; Breeder, Nursery Place & Robert T. Manfuso...
  • Mancini sire of Ride Around Sally 1st Alw (May 23, 6th IND). Owner, Joe Uliano; Breeder, Spade Stable...
  • Smoke Glacken sire of Walker Bay 1st Alw (May 24, 8th CD). Owner, Hammersmith, Dennis L. and Paden Racing, Inc.; Breeder, Brian O'Rourke & Derry Meeting Farm...
  • Proud Citizen sire of Citizen Kat 1st Alw (May 23, 7th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Mark Reid & Charles Zacney...
  • Philanthropist sire of Rob the Cradle 1st Alw (May 23, 2nd WO). Owner, Andrews, Denny and Paradox Farms Inc.; Breeder, Gardiner Farms Limited...
  • Strut the Stage sire of Head Honcho 1st Alw (May 23, 7th WO). Owner, Annecchini and D'Alimonte Holdings Inc. and Kingfield Farm; Breeder, William D. Graham...
  • Posse sire of Parody 1st Alw (May 23, 4th PEN). Owner, Midwest Thoroughbreds, Inc.; Breeder, Don Mattox & Pam Mattox...
  • Wando sire of Deb's Girly Girl 1st Alw (May 24, 6th RD). Owner, Deborah F. Metz; Breeder, Deborah F. Metz...
  • Holy Bull sire of Catalan 1st Alw (May 24, 8th BEL). Owner, Elizabeth Loftus; Breeder, B. P. Walden & Dr. S. Marcum...
  • Arch sire of Wiki 1st Alw (May 24, 2nd PID). Owner, Midwest Thoroughbreds, Inc.; Breeder, Stuart S. Janney, III LLC....
  • Tribal Rule sire of Italian Rules 1st Alw (May 24, 7th BHP). Owner, Barber, Gary and Cecil; Breeder, Nick Cafarchia...
  • Benchmark sire of Planet Sunshine 1st Alw (May 24, 5th GG). Owner, Thomas A. Shapiro; Breeder, Thomas Shapiro...
  • Jazil sire of Love Me Good 1st Mdn (May 23, 2nd PID). Owner, Sheltowee Farm and Blazing Meadow Farm; Breeder, Sheltowee Farm...
  • Luftikus sire of Joyful Kiss 1st Alw (May 23, 7th CT). Owner, Winfred L. Hess, Jr.; Breeder, Ann M. Casey...
  • Canadian Frontier sire of Golden Frontier 1st Alw (May 24, 3rd CD). Owner, George Fister; Breeder, Brereton C. Jones...
  • Hard Spun sire of Ribbon Taffy 1st Mdn (May 23, 5th IND). Owner, Pucek, John Paul and Marcinek, Paige; Breeder, Matthew R. Herbener...
  • Indian Charlie sire of Nechez Dawn 1st Alw (May 23, 7th AP). Owner, Tresner, Coby and Matsas, Alex; Breeder, B. P. Walden Jr., Hargus Sexton & SandraSexton...

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Racing to continue at Fort Erie

Posted: Thursday, March 12, 2009 3:52 PM

by Perry Lefko

A three-party consortium consisting of the Township of Fort Erie, the Fort Erie Economic Development and Tourism Corp., and the Ontario Horsemen's Benevolent and Protective Association has put together a letter of intent to buy Fort Erie from Nordic Gaming Corporation for $35-million.

The group, which will operate as the Fort Erie Racing Thoroughbred Consortium Group, revealed its plan on Thursday in Fort Erie to rescue the financially-troubled track.

Nordic claims to have lost between $3-million and $4-million each of the last four years due to competition from nearby casinos on both sides of the Niagara Falls border.

The newly formed group has forwarded a non-refundable deposit of $2.25-million to Nordic that consists of $1.5-million from the EDTC, $500,000 from the HBPA, and $250,000 from the Township.

The consortium has 90 days to develop a business plan and find funding from a lending institution or the provincial government.

"The reason it's $35-million is you've got to have a willing seller and a willing buyer, and that's what we've come to," said EDTC general manager Jim Thibert, who crafted the deal. "It's a $35-million offer against an operating business. That's why we're running this year.

“We're not subsidizing operations. No money is going into this to support Nordic Gaming and their losses. This is a capital venture we've engaged with. If we can buy the track, we get a discount of the purchase price if we move forward."

The track’s 78-day live race calendar begins on May 2 with virtually the same purse levels as last year. Nordic will guarantee racing for the entire season.

“Nordic is very pleased that all the stakeholders have been able to come up with a solution that will enable live racing this season,” owner representative Stephen Ayers said in a statement. “As in the past, we will continue to support the track and the wonderful people who make the operation work.”

Sue Leslie, president of the Ontario HBPA and the chairman of the consortium, expressed hope with the latest developments but stressed that the horsemen have to help.

"It's imperative we have good, sound racecards and large fields so that we can increase the wagering dollars, both to our purse account and to the racetrack operator because this is going to be the surest way to give long-term stability to the Fort Erie Racetrack and to enable all us who have been working so hard to find a permanent solution to get there," she said.

Perry Lefko is a Toronto-based THOROUGHBRED TIMES correspondent

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