A federal bankruptcy court judge has approved the sale of Hawthorne Race Course to a company that will cease racing operations and develop the property.
ALLIMAC 2023 LLC, an opaque, recently incorporated Delaware-based entity, is buying Hawthorne for $90 million. The sale is expected to close at the end of July. Horses and humans still residing on the Hawthorne backstretch – several hundred people and animals – must vacate the property by 4 p.m. on Aug. 31.
Judge Timothy Barnes signed the order approving the sale on Monday, pulling the curtain down on horse racing in Chicago, the third-largest city in the United States.
