Despite a bid of more than $120 million, a group hoping to buy Arlington International Racecourse to continue horse racing there fears it may be a lost cause.
Roy Arnold, former president of the track and CEO of Endeavor Properties, said he was one of three finalists in the running to purchase the track in Arlington Heights.
But since hearing that from track owner Churchill Downs Inc. more than a month ago, he hasn’t heard back, he said. That’s a sign to him that they may go with another bidder such as the Chicago Bears — and doom any chances of racing there.
