Del Mar Considers Bid To Protect Fairground Sale - San Diego, California News Station - KFMB Channel 8 - cbs8.com

Del Mar Considers Bid To Protect Fairground Sale

Posted: Updated:

DEL MAR, Calif. (AP) - The city of Del Mar is considering a bid to buy the massive Del Mar Fairgrounds so that coastal property can remain in the public domain.

The City Council voted unanimously on Monday to send a "letter of interest" to Gov. Arnold Schwarzenegger about the 400-acre fairgrounds, racetrack and nearby horse park. It is one of the most valuable undeveloped coastal sites on the West Coast.

Schwarzenegger has placed the property on a list of surplus sites that could be sold to raise cash for the financially strapped state.

City officials are worried that a developer could buy the property, making it off-limits to the public.

The cost of the fairgrounds is estimated between $400 million and $700 million.

___

Information from: The San Diego Union-Tribune, http://www.signonsandiego.com

Copyright 2009 The Associated Press.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.