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Once Santa Anita Park had opened in nearby Arcadia, California, it was clear that racetracks were a booming business. The Hollywood Turf Club’s answer was opening the Hollywood Park Racetrack a few years later, during the summer of 1938. Hiring an acclaimed architect and Beverly Hills native Arthur Froehlich to design the track showed that the Turf Club was not messing around and wanted to create a lasting venue. Other than a couple bumps in the road, this is exactly what ensued.
Unfortunately, the park was forced to be closed for a few short years during World War II and again during 1949 due to a fire. It reopened the following year, and things seemed to be going well until rumors and threats about the park closing emerged in 1989. Thankfully, $20 million was spent in 1991 on upgrades, and boy, did it pay off.
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Hollywood Park added a casino and poker room to the existing property in 1994, spending more than $100 million in the process. To show you how tough business can be in Los Angeles, the entire Hollywood Park corporation was sold to Churchill Downs Inc. in 1999 for $140 million. They were able to turn a nice profit when they flipped the complex to Bay Meadows Land Company in 2005 for $260 million.
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Before we get into what happened next, we want to rewind a little bit. It is important we talk about some features of the racetrack and talk about some of the major events that were held there.