Report spells grim news for Fort Erie
News ahead of a report on the future of horse racing in Ontario is grim for Fort Erie.
According to The Star, Fort Erie was not deemed sustainable by the panel as a full-time racing venue.
The report says the historic oval is being considered to host a "festival meet" with thoroughbreds shipped in only on race days as opposed to being stabled there full time.
In the briefing note obtained by The Star the best business case for the industry and taxpayer is consolidating most, if not all, thoroughbred racing at one track.
Premier Kathleen Wynne is set to release the report at 10:40am Friday at the Grand River Raceway north of Guelph.
Under the plan, $400 million dollars over five years would be invested in the horse racing industry, about half what Ontario racetracks were getting annually under the pervious Slots at Racetracks Program.
According to the report the bulk of the $400 million will go to eight large tracks, with smaller tracks like Fort Erie splitting the remaining 10 percent.