Los Alamitos Race Course is moving on plans to join the big leagues of horse racing.
The track is planning an expansion to hold thoroughbred horse racing by 2009. Los Alamitos, now home to quarter horses,a compact, muscular breed,could see a slew of changes.
Among them: a remodeling with 2,500 new grandstand seats, a track expansion and some 700 new barns to house 1,000 thoroughbred horses.
Los Alamitos owner Edward Allred and Mike Pegram, a thoroughbred owner and racer, would fund the proposed expansion, which could cost $50 million to $60 million, Allred said.
The track has to clear a number of hurdles.
The expansion hinges on the closing of thoroughbred track Hollywood Park in Inglewood. Then Los Alamitos would need approvals from the city and neighboring Cypress.
For more on this story, see the Jan. 9 edition of the Business Journal.
