Stung by past operators at the facility, they appear to have done some homework this time and didn’t like the results. Commishes said both proposals were bad bets for the use of Ada County’s multimillion-dollar, 64-acre Les Bois Park facility. Spirit Valley Raceway proposed an annual lease payment of $50,000 in exchange for use of the property. Alabama-Idaho, Inc./The Greene Group, Inc. proposed paying the county an annual lease rate of only $12,000. Under the previous lease agreement with Capital Racing the lease payment to Ada County was $300,000 a year.
Throughout the course of the due diligence process, Ada County staff “identified several issues that raised concerns about both applicant’s current and past business operations.” Put bluntly, these dudes didn’t have stellar reputations.
Spirit Valley Raceway
–Company owner and its financial backer do not have any horse racing experience
–Company owner has admitted to a violation of the Alcohol Beverage Control laws for his operation of another establishment
–Company owner has a criminal background
Alabama-Idaho, Inc./Green Group, Inc.
–The companyÕs nonprofit corporation, the Greene Idaho Foundation, has been the subject of an enforcement action taken by the Idaho State Lottery Commission
–The Greene Idaho Foundation admitted to a violation of state law regarding its bingo operation in Post Falls, Idaho
–The Greene Group, Inc. informed Ada County Commissioners that it has undergone another audit by the Idaho State Lottery Commission. The Board has requested results from the Lottery Commission once the audit is complete.
So it’s back to the starting gate as the Commishes invite new proposals while potential operators jockey for the rail position.
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