November 9, 2010
Embattled Landmark Hotel developer, Halsey Minor is going into the horse racing business in a big way. The Albemarle County entrepreneur is hoping to purchase some of the nation's most prominent race tracks.
Minor Racing LLC offered Tuesday to purchase substantially all of the horse racing assets of MI Developments Inc., including Santa Anita, Gulfstream and Maryland Jockey Club horse tracks. If his $300 million offer is accepted, Minor says he can return horse racing to popularity with new technologies that help fans experience the excitement.
“Modern horse racing is one of the least innovative sports. I believe by making significant digital advancements, horse racing can become one of the most innovative sports and capture the attention and imagination of a whole new generation. Horse racing is the world’s most exciting and elegant sport; soon it will also become its most innovative,” he said.
Minor made millions in a variety of high tech ventures, and then plugged some of that money into the half-finished Landmark Hotel on Charlottesville's Downtown Mall. The steel frame of the hotel is gathering dust while its future is decided in a series of lawsuits.