A group led by real estate developer Philip Goldberg has landed a deal to buy Balmoral Park in south suburban Crete Township near Chicago.
Goldberg said they’re “at the beginning” of their plans to bring harness racing back to Balmoral four years after its last race, when the historic track was shuttered and eventually sold in bankruptcy proceedings.
“It’s one of the most unique properties in Chicagoland, and it deserves to be put back into action,” Goldberg said. “Our plans include making it a premier sports and entertainment venue that Chicagoland and the south suburbs deserve.”
Balmoral has not had live harness racing since 2015. If approved, the track could have a casino along with a sports book.