SCARBOROUGH (AP) — The owner of Scarborough Downs has a purchase agreement in place for the sale of the harness-racing track to a Massachusetts developer.

A track spokesman says a feasibility study is going to be conducted, and that racing will continue in the interim. The season kicks off this weekend.

Owners of the track that opened in 1950 have been pursuing other options for the property after being unable to win approval to operate a casino.

They say the track suffers from dwindling profits and attendance, competition from casinos, and aging facilities.

David Perkins, attorney for the potential buyer, said the 483-acre property isn’t under contract and that he doesn’t want to comment right now. 

The leader of the limited liability company is a Massachusetts developer, Tom Powers of Cohasset.

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