East Bay Parks to vote today on $175M Golden Gate Fields deal

East Bay park officials are set to vote Tuesday on a deal to acquire Golden Gate Fields “as-is,” without environmental testing before the $175 million purchase.

The seller, the Stronach Group, would provide $8.25 million to the East Bay Regional Park District for environmental testing after the purchase, pollution insurance and contamination cleanup, according to a staff report prepared for Tuesday’s meeting.

During the meeting, park officials are set to authorize a purchase agreement with Trust for Public Land (TPL), with the former horse racing track set to become East Bay Parks property next year…

Story continues

TRENDING NOW

LATEST LOCAL NEWS