The city of Del Mar is considering a bid to buy the Del Mar Fairgrounds so that coastal property can remain in the public domain.
The Del Mar City Council voted unanimously on Monday to send a “letter of interest” to Gov. Arnold Schwarzenegger about the 400-acre fairgrounds, racetrack and nearby horse park.
Schwarzenegger has placed the property on a list of surplus sites that could be sold to raise cash for the financially strapped state. City officials are worried that a developer could buy the property, making it off-limits to the public.
The cost of the fairgrounds is estimated between $400 million and $700 million.
Speaking of the track, the 2Q09 contest is almost a wrap, and as of today there are 5,844 closings for the second quarter of 2009 – here’s a link:
On July 23rd one of these guessers will be the winner of six tickets to the track: