It's been a long time since we've heard anything about the huge mixed-use redevelopment plans at the Hollywood Park Racetrack in Inglewood, but now the park has a new casino manager, which says it "is seeking approval for 'a significant and long overdue revitalization of the Hollywood Park Casino'," according to the LA Business Journal (sub. req.). Casino renovations are supposed to be phase one in the massive Hollywood Park Tomorrow plan, which would also include the demolition of the racetrack "to make way for 3,000 mostly for-sale homes, a hotel, parks and a whopping 620,000 square feet of retail space," but that still appears to be some ways off--track officials have said they'll host horse races through at least the end of 2013 (the plans were approved back in 2009). Most of the involved parties refused to comment, but an expert says the huge retail component could be a problem (so could the for-sale housing units; rental is doing much better right now): "He speculated that bringing in a new casino manager is less about getting the bigger project going and more about bringing in more cash as [park owner] Stockbridge waits for the economy to improve." The retail could also get a boost from the planned overhaul of The Forum nearby.
· Horse Track Hands Reins To New Casino Manager [LABJ, sub. req.]
· Hollywood Park Vote Delayed, But Models Are Here [Curbed LA]