|
OK, I will bite because I am bored.
The reason is that there is no money to invest to complete the remodel, and then the return on that investment would be nearly zero. Monticello has completely given up on attracting folks to their live product, they could build a new grandstand that seated only 100 people and the folks that show up would have plenty of elbow room.
The only way Pimlico will be renovated would be if it were turned into a full scale casino. Otherwise, every dollar invested in a renovation would be wasted.
Since the US is approaching France in the percentage of $$$ bet offtrack, the best plan would be to not worry about the live crowd for the vast majority of tracks, simply turn them into simulcasting signal providers, build them in the middle of nowhere where land is cheap, and provide modern-but very small-facilities for the live crowd.
A great example of a right-sized facility is Ajax Downs in Ontario. Decent sized slots area, nice restaurant, and small but modern grandstand.
|
