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Arizona horseman wins bid for Yavapai Downs


April 5, 2012     E-mail this page to a friend!

Gary Miller, who recently stepped down as president of the Arizona HBPA, submitted the winning bid of $3.25 million for the Yavapai Downs in Prescott Valley, Arizona. Yavapai Downs closed abruptly just days before the 2011 racing season’s opening day (see http://www.theracingjournal.com/news/article.php?article_id=1650 and http://www.theracingjournal.com/news/news-1648.html for more information). Miller made the bid during a bankruptcy auction on the $22 million property.

"I have a belief that Yavapai Downs can be resurrected, and we can make money doing it," Miller told the Prescott Valley Tribune. “We're going to do the best we can to get racing up sometime this summer.”

The bid can still be rejected by the U.S. Department of Agriculture, which holds $14.7 million in loans on the track facilities, built by the Yavapai County Fair Association for $22 million in 2001.