From CHRB
ALBANY, Calif. (Mar. 30, 2018) — Representatives of Golden Gate Fields, the northern fairs, and horsemen’s groups reached agreement Friday on a financing plan to keep Golden Gate open for stabling and training during the summer fair season. The agreement eliminates the need for the Special Committee on Northern California Racing to meet April 5 as originally planned.
The key elements of the agreement, which were worked out Thursday when the committee met privately with stakeholders, are:
1. Golden Gate will be open for stabling and training for all 2018 Northern California racing fairs. Stabling and training schedules will be in accordance with past practices.
2. Golden Gate will receive the full two percent that is generated from handle for the stabling and vanning fund during all 2018 Northern California racing fairs.
3. All trainers stabled at Golden Gate during the summer fair season will be required to make at least one start per stall during that period (“Minimum Start Requirement”). If the trainer does not make the Minimum Start Requirement, the trainer will pay $5 per day for all stalls less than the Minimum Start Requirement. For example, if a trainer has 10 stalls at Golden Gate and the trainer only has seven starts during the 2018 Northern California racing fairs season, the trainer will owe $5 per day for three stalls.
4. The Stabling and Vanning Committee will collect the stall rent. The monies collected will go toward California Authority of Racing Fair’s purse overpayment.
5. Golden Gate will be open as a simulcast wagering facility during the 2018 Northern California racing fairs meets.