Woodbine Racetrack Development | 13.5m | 3s | Woodbine Ent | WZMH

taal

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The horses grazing at woodbine are clearing the land in preparation for construction.

Okay... I was at work and I laughed my ass of when I read that ... excuse my language.

Tone down the humor level why don't ya.
 

JasonParis

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I can see that. It's increasingly irrevelent as far as GTA malls go and I'd think they'd want to combine a shopping complex with the new Woodbine Live, instead of having competition right across the street.

Interesting though that it'll be one of the GTA's newest major malls that'll be the first to bite the dust...or move across the street. Have we lost any other (save the Don Mills Centre)? I know about Honeydale and a few others, but I mean more significant than that.
 

Jarrek

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I'm surprised that the owners don't sell off some of that excess parking lot space and build a couple of high towers, which would suit the area rather well.
 

slickpete83

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I'm surprised that the owners don't sell off some of that excess parking lot space and build a couple of high towers, which would suit the area rather well.

they are waiting until the area develops more so they can get more money for the land value

that area is crazy , great for investment , speaking from experience

5 years years ago brand new freehold townhouse were built
sold for $213K pre built stage
built stage $225K
now the houses are selling for $360K

imagine what the price will be after they fully develop Woodbine Live !!!!
only down side is that my property tax will go up : (
 

Jarrek

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they are waiting until the area develops more so they can get more money for the land value

that area is crazy , great for investment , speaking from experience

5 years years ago brand new freehold townhouse were built
sold for $213K pre built stage
built stage $225K
now the houses are selling for $360K

imagine what the price will be after they fully develop Woodbine Live !!!!
only down side is that my property tax will go up : (

I think many other areas of the city have experienced the same kind of price adjustments over the past 5 years. But the area is primed for investment.
 

Jarrek

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I wonder if there's been the same appreciation on the Malton side of the 427.

Now that's not Toronto anymore ;) Higher taxes, closer proximity to the airport and no new developments in the area for quite a while, although there's a new Townhome complex at 427 and Derry/Rexdale.
 

yyzer

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Light Rail coming to Woodbine?

from insidetoronto.ca,

City seeks bigger share of slot machine revenues at Woodbine



January 8, 2008 05:42 PM
DAVID NICKLE

Toronto should try and get a bigger piece of the action at the expanding Woodbine Racetrack's slot machines, Toronto's executive committee has recommended.
If Toronto Council goes along with the plan, the city will try and negotiate a dramatic increase in the share it receives from the 1,950 slot machines on site at the Rexdale racetrack.

Currently, the city receives $14.5 million a year from the Ontario Lottery Corporation slots based on a complicated formula that's been in place since the slots opened in 2000: five per cent of the gross gaming revenue on the first 450 slots, and two per cent on the rest.

The city would ask for 10 per cent of the net win. That's the same percentage as received by non-government shareholders: the horse breeders and the owners of the racetrack itself.

That would mean the city would receive $55 million - which Mayor David Miller said was fair, given the massive redevelopment going on at the site.

"With Woodbine there's been significant development," he said.

"We want to make sure that if any of it happens it's fair for Toronto. Supporting the development is going to be a significant cost for Toronto. We have to build light rail transit there. This will help pay for city services and help pay for the development's success."

The committee approved the plan, but heeded Ward 3 (Etobicoke Centre) Councillor Doug Holyday's advice to recommend attempting to build a coalition of other municipalities that host gambling facilities.

"There's a total of 27 of them - they're communities all over Ontario and they would all like more revenue," said Holyday, who pointed out that revenue from the slots at Woodbine would be a boon to any community: including, he noted somewhat wistfully, the old municipality of Etobicoke.

"One of the things about amalgamation was that the Woodbines slots are in the former Etobicoke - and Etobicoke would have had a great existence with that revenue. We are in a situation now where we're sharing that revenue with everyone else."
 

ProjectEnd

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This probably also means the end of Fantasy Fair, that indoor amusement park which I have warm childhood memories of.

Wierd. All I remember from the Frugal Fair was a collection of half-assed rides and amusements which Woodbine picked out of Florida's trash. And it all emitted the pungent redolence of early-childhood urine; a splendid attraction indeed!
 

JasonParis

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The city would ask for 10 per cent of the net win. That's the same percentage as received by non-government shareholders: the horse breeders and the owners of the racetrack itself.
I can see the province saying..."o.k., you got your ten percent but only if Woodbine can be built as as proper full-service casino."
 

interchange42

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f"There's a total of 27 of them - they're communities all over Ontario and they would all like more revenue," said Holyday, who pointed out that revenue from the slots at Woodbine would be a boon to any community: including, he noted somewhat wistfully, the old municipality of Etobicoke.

"One of the things about amalgamation was that the Woodbines slots are in the former Etobicoke - and Etobicoke would have had a great existence with that revenue. We are in a situation now where we're sharing that revenue with everyone else."

Oh, how we'd all like to be Albertans. I may be Etobifolk too, but this super-parochial Doug Holyday type makes me want to dig the alders out of my garden.

Wierd. All I remember from the Frugal Fair was a collection of half-assed rides and amusements which Woodbine picked out of Florida's trash. And it all emitted the pungent redolence of early-childhood urine; a splendid attraction indeed!

The pungent redolence of early-childhood urine?

Wow!

Are you a former writer of Harlequins presently working for NOW magazine? 'Cause that's what that sounds like to me.

In any case, the hyperbole is amusing, but it's over-the-top. That indoor amusement park was only really ever meant to wow 3 through 5 year-olds, so what do you want?

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