Merely days after a foreclosure sale, attendance is up, an increased amount of product has been scheduled and buffets are being ramped up. So you really mean we're talking about a harness racetrack here?
The track in question: Minnesota's Running Aces Harness Park.
According to a report on startribune.com, the track's management is hoping that a seamless transition will follow the sale in which there is only one expected bidder -- Black Diamond Commercial Finance LLC.
The article goes on to state that Black Diamond Commercial Finance LLC, the Connecticut-based lender, already owns 56 per cent of Running Aces with its own funds, controls the mortgage and has managed the track since 2008, when the track's local founder, Southwest Casino and Hotel, no longer could meet financial obligations.
Barring unforeseen bidding from a tribal group that might want to convert the card-room and track to a casino, Black Diamond will leave the sheriff's sale with 100 per cent control of the reins.
"It's a building process," Running Aces General Manager Bob Farinella was quoted as saying. "We hope the sheriff's sale will go as projected. Going through this process is a way of making the capability for this business grow even stronger."
"The positive things happening at Running Aces just aren't happening anywhere else in this industry right now. It's amazing," Minnesota Racing Commission Deputy Executive Director Mary Manney was quoted as saying.
(With files from startribune.com)