Quote:
Originally Posted by dilanesp
You haven't answered my questions. The Pomona fairgrounds make a lot of money, and not just during the fair.
So how much land were you going to take away from the fair to build a one mile track at a location that couldn't wait to get OUT of the live horse racing business but you are proposing to commit to stage more racing?
And do you expect Fairplex to just go along with this?
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First of all Pomona/Fairplex loses a lot of money.
The Los Al deal was done because Jack Liebau and Doc Allred wanted it done. So did Mike Pegram and the TOC. Jack Liebau is the smartest guy in California Racing for decades but most of his short term deals benefit him and his friends at the expense of the long term health of California Racing. Liebau knew what was going on at Pomona and could have easily steered it there. We'd have a training center with a dirt and turf course but nooooooooooo. They also sold Los Al because of it's location. They told everyone they'd fill up the grandstand with people. That never happened.
Head of L.A. County Fair Assn. quits after Times investigation
Excerpt:
The chief executive of the Los Angeles County Fair Assn., who made more than $1 million in total compensation in 2014 even as the nonprofit organization reported steep financial losses, resigned Wednesday, saying he had "become a distraction" to its work.
Henwood's departure follows a Los Angeles Times investigation that found that he and other executives received lucrative pay and benefit packages despite several years of red ink at the association. The organization stages the annual fair and operates a number of year-round enterprises at the taxpayer-owned fairgrounds in Pomona.
In 2014, the most recent year for which figures are available, the association reported a loss of $3.44 million, federal tax returns show — its fifth straight year of negative results. During that period, compensation for Henwood and his top managers increased dramatically.
