Need to Arlington International Racecourse Illinois is immediately offering riders more than $3/4 million in under-wallet payments from 2021, or it can hang on to that money in the hopes it will eventually move to wallets at a new track in a new city. somewhere else in Illinois in the future?
As expected, the Illinois Thoroughbred Riders Association has formalized the tracing of its funds through a lawsuit.
Both sides seem to agree $775,000 is involved. There also seems to be general agreement that Arlington is “defunct.” After that, it is very difficult to find the deal.
Issues now in court include the interpretation of the meaning of the word “TRACKED” in the contract between the ITHA-Arlington contract and, possibly, determining how long Arlington can keep the cash if the term “FOLLOWS” WAITING” is broadly defined.
Arlington, and owner Churchill Downs Inc., have repeatedly said they are actively looking for a venue for a new track to replace the Chicago suburb luxury show now slated to go on sale. for the Chicago Bears and was probably flat ironed.
Arlington argued that the word “TRACKED,” which refers to race success meetings, should be used to mean any racetrack that could eventually get CDI back into business in Illinois. Arlington argues that maintaining the 2021 overpayment is critical to starting a wallet account at such a rate.
“Until Arlington learns that they will not hold a successful Horse Racing Meeting in the future, there is no need to transfer the funds in the wallet account to ITHA,” Arlington said in a letter to the riders today. March 23, 2022, quote in suit.
The CDI gave no details or timeline regarding the site search other than to indicate a new track that would likely require gaming — a major stumbling block in the current Illinois political climate.
The knight’s suit looked at the language of the contract differently.
“Contrary to Arlington LLC’s assertion, the terms ‘at TRACK’ or ‘the TRACK’ are used multiple times in the contract — including but not limited to a requirement to assign ITHA lower payments than otherwise had a successful race at the track – in the context of which only Arlington Park can be mentioned (the physical track is now defunct), “the suit said.
As for how long Arlington can keep funds in a wallet if it prevails in the question of definition, the March 23 letter, signed by Joseph Quinn, the company’s advisor, simply states:
“Arlington acknowledges that it cannot keep the funds in the wallet account indefinitely and will notify ITHA of any significant updates. In the meantime, we are happy to discuss further.”
Riders also note Arlington has asked ITHA to pay $150,000 to help fund state-bred races as offered in the 2021 contract. The lawsuit says payment of that amount will add to the total amount owed by Arlington.
The lawsuit demands payment of all outstanding amounts in the wallet account plus punitive damages “in an amount to be established at trial.”
With Arlington “defunct” and during the sale, Hawthorne Racecourse is the only racetrack left in the Chicago area.
This year’s Hawthorne will split its activities between Thoroughbred racing and Standardbred racing while political conspiracies are underway regarding the construction of a mining racino authorized in the year’s game expansion law. 2019. Hawthorne is also awaiting approval from the Illinois Gaming Board to clear the way for building his own racino, which should boost the wallet considerably.
