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Confirmed: Santa Anita to Host 2012 Breeders' Cup

Arcadia Mayor Gary Kovacic said he expects the event to generate $3 million for Arcadia and surrounding communities.

It's finally confirmed: Officials announced that the will host the 2012 Breeders Cup,

Los Angeles Mayor Antonio Villaraigosa made the announcement Wednesday during a joint press conference with officials at the Marriott Hotel at L.A. Live in downtown Los Angeles.

Villaraigosa said he estimates the event will bring in $60 million for the Southern California region. Mayor Gary Kovacic, who represented Arcadia at the announcement—along with Mayor Pro Tem Bob Harbicht and City Manager Don Penman—said the Breeder's Cup could rake in $3 million for Arcadia.

Check Patch for more details later.

Gary Kovacic August 10, 2011 at 09:47 PM
Actually, my comment was that, based on an analysis of the 2009 Breeders' Cup held at Santa Anita, over $3 million dollars in total tax revenue may be generated by the event in 2012. The analysis included state income taxes, sales taxes, transient occupancy (hotel) taxes, utility taxes, and gaming taxes. Some, but not all of this revenue, will go to Arcadia.
Natalie Ragus (Editor) August 10, 2011 at 11:19 PM
Hi Gary! This was just a quick post to get the news up. Everything is clarified in our full article! Thank you!

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