Racing complex selling land
Posted Feb 24, 2010 6:37 am.
This article is more than 5 years old.
The developers of a horse racing track north of Calgary are selling some of their land to pay off creditors.
The owners of the Balzac race track are selling about 11 and a half hectares, but they’re hanging onto a key section of property.
That parcel will be saved for a small race track, some barns, 650 slot machines and off track betting sites.
The economic downturn put the lid on the original plans to build a massive racing and entertainment complex.
The track developers filed for creditor protection last September.
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