Magna Entertainment, which operates the Gulfstream Park Casino & Racing in Hallandale Beach, filed for bankruptcy protection Thursday. Developer Forest City Commercial Development, which is building the $245 million Village at Gulfstream complex of 32 shops, restaurants and nightclubs, said the project will move forward. Magna has defaulted on a $40 million loan payment and has put its racetracks up for sale. Brian Ratner, of Forest City, said the lease will be valid with any new owner.
Gulfstream Park operator files for bankruptcy
March 06, 2009 12:22PM