Page 3 - March 2009 The Game

Canada’s Thoroughbred Racing Newspaper The Game, March 2009 3 The Roller Coaster Ride Continues for Fort Erie Horsepeople
Just when it looked like things were a go for 2009, a set back in what had hoped to be a feasible solution has put negotiations back on hold and has put Fort Erie horsepeople back in limbo.
other parties involved.
Nordic Gaming had originally been given a license
We can’t promise the nal outcome of Fort Erie, but we can promise the effort to save Fort Erie will be fought to the bitter end.”
A press release on February 13 from the HBPA of Ontario stated that the Economic Development and Tourism Corp. (EDTC), the Town of Fort Erie and the HBPA of Ontario had offered Nordic Gaming Corp. a $2,250,000 non-refundable down payment towards the purchase of Fort Erie Race Track for $35 million.
extension to March 30, 2009 by the Ontario Racing Commission, which would allow more time to negotiate with the Provincial Government and the parties involved in purchasing the race track.
To keep up to date on what is happening with the negotiations for Fort Erie Race Track visit the HBPA of Ontario website at www.hbpa.on.ca
The down payment was in exchange for a commitment from Nordic to run 78 days of live racing in 2009 beginning on their traditional opening day of the rst Sunday in May (May 2, 2009).
In a statement from HBPA President Sue Leslie released February 24, she stated that, “The EDTC did NOT withdraw the offer. The offer made to Nordic had an 11 am on Monday February 23 deadline. Nordic failed to respond by that deadline.
Nordic was to also give the parties until August to review with the Province of Ontario the formation of a not-for-pro t corporation stating that this would allow all concerned to perform due diligence to secure a permanent solution for Fort Erie Race Track.
“The Province is the key to the ongoing success at Fort Erie. The Province & our regulator, the ORC, are fully apprised of the developments.
A deadline date of February 23 was issued to Nordic in which time they would have to submit their response to the offer.
“We, the horsepeople, and particularly, right now, the Fort Erie horsepeople are amazingly committed. You are resilient, proud and dedicated to both our industry and especially to the horses. Now, you have also demonstrated incredible patience.
Unfortunately there was no response from Nordic Gaming by the set deadline date and therefore the offer was considered void by the EDTC and the
Community Day at Woodbine
Woodbine Entertainment Group will be hosting their second annual Community Day at Woodbine Racetrack on Opening Day, Saturday, April 4. Industry and Community organizations will be available to provide information on the important services they provide to the community. There will also be music and entertainment for the whole family.
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“Negotiations among all parties will continue and are ongoing as we speak.
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