SCARBOROUGH (AP) — The potential new owners of Scarborough Downs in Maine envision a long-term redevelopment of the property that will turn it into a town center, alongside an active racetrack.
Scarborough-based Cross Roads Holdings went under contract to buy a large parcel of the struggling harness racetrack, and leasing the track to the current owners.
The management team envisions transforming the property into a town center with housing and shopping, which could take up to 30 years.
The track’s new ownership won’t impact Scarborough’s current proposal to host a second headquarters for Amazon Corp.
According to Cross Roads Holdings, the lease agreement will allow Scarborough Downs to preserve 60 jobs.
Comments are not available on this story. Read more about why we allow commenting on some stories and not on others.
We believe it's important to offer commenting on certain stories as a benefit to our readers. At its best, our comments sections can be a productive platform for readers to engage with our journalism, offer thoughts on coverage and issues, and drive conversation in a respectful, solutions-based way. It's a form of open discourse that can be useful to our community, public officials, journalists and others.
We do not enable comments on everything — exceptions include most crime stories, and coverage involving personal tragedy or sensitive issues that invite personal attacks instead of thoughtful discussion.
You can read more here about our commenting policy and terms of use. More information is also found on our FAQs.
Show less