Fairmount Park considers a shorter season
COLLINSVILLE — If the Illinois General Assembly cannot agree on additional budget measures, including one for funding at horse racing tracks, Fairmount Park president Brian Zander will ask the Illinois Racing Board today to give his track just 60 live racing days for the 2008 season.
That number of days would constitute the shortest meet in the facility's 82-year history.
In a letter to IRB executive director Marc Laino, Zander and Lanny Brooks, executive director of the Illinois Horsemen's Benevolent and Protective Association, have requested the board consider two possibilities for Fairmount in 2008.
In one, the track asks the IRB for a 90-day racing period: March 4 through Sept. 27.
In the other, if the state legislature does not approve a gaming bill by Dec. 1, Zander and Brooks will tell the board they can run only 60 days — from April 18 through Sept. 1 — a 33 percent cut. Brooks said if lawmakers can't reach an agreement on a budget that involves gaming issues, "We have to race 60 days. But we're going to raise the purses $10,000 a day for those 60 days."
Brooks said the horsemen's account with the track was overpaid for four years. When the meet ends in two weeks, the account will be about $3 million in arrears.
"I've talked Brian into carrying us for the last four years in the hope that something would happen," Brooks said.
The horsemen receive about 8 percent of the off-track wagering at Fairmount — not enough to cover the money owed.
Still, there's hope the track could race 90 days. The Illinois Supreme Court soon will hear a case affecting the tracks brought by four gambling boats in northern Illinois on the constitutionality of money withheld from the boats that has been put into an escrow account.
A ruling on this issue could come in November. If favorable, between $50 and $60 million held in the Horse Racing Equity Fund would go to the tracks.
Fairmount would get about 10 percent of the money, and 5 percent of that would be used to pay off the horsemen's account.