Hialeah Park
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for the first time since May 2001.
Usually when a racetrack shutters it usually is followed by it being torn down and condos or a shopping center being put in its place.
I'm just glad that it had a pretty descent first day back
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in that time warp way. Yea, outside of Derby day and other special events at places like Saratoga where women like to doll up in those hats, it's mostly a dying game at the track itself. With online betting and speciality channels that bring simulcasting to your living room there is little need to to go the track or OTB unless you want to hang with a few buddies.
The thing is that that place is just too special to let it rot. With the formula that they are going to implement with poker and slots it will be a winner. Last night I went to a dog track and was shocked to see the little action that was at the track. Then I went upstairs to the new poker room and saw 20 tables going which is pretty much on par with what the Seneca Niagara Casino does on a Saturday night. So with a house "drop" or revenue of about 25k that would be more than any "takeout" or revenue from running a dog track alone.
So what I'm saying is Hialeah could not come back on its own as a horse track, but with poker and slots they're going to keep the old time game alive and do quite well. I just have to get myself down to Miami one of these days to see it for myself. It's not often that you can go somewhere and experience the 1970's all over again at some level.
Look at some of the other cities on that last. Rochester, Syracuse, and Albany are all on there.
Yup, the fading gems of the rust belt are all recovering. That makes me think their methodology was a little wonky.
Though, seeing genuinely prosperous cities like Omaha and Austin on that list are good signs.
I think you are right. When you are near the bottom, you have less far to fall. Buffalo is a post-industrial economy wasn't attractive to investors looking for short term gain. Some here lamented this. In retrospect, being outside of the prevailing investment trends may have been a good thing.