The operators of the North Dakota Horse Park in Fargo have been given a deferral on payment of about a million dollars in special assessments.
The operators of the North Dakota Horse Park in Fargo have been given a deferral on payment of about a million dollars in special assessments. The City Commission approved the deferral for 2013 and 2014.
It comes as the Horse Park digs itself out of a financial mess that forced the track to shut down for two years. It reopened this past summer for four days of racing and pulled the operation into the black.
Ken Pawluk, representing the group's that oversee the Horse Park, says the track is rebounding. He says like a lot of projects that have high capital commitments, there have been and there will continue to be challenges, but he's encouraged how things are working out now.
State Racing Director Winston Satran says the extension is good news and gives track backers more breathing room as they works to re-establish horse races in Fargo. Later this week, the non-profit group that runs the track will ask the racing commission to set race dates for next summer.
A decison the dates won't come until February.