What is latest on sites to take place of Golden Gate?

tbrace · Postby **tbrace** » Sun Mar 22, 2009 6:05 pm

What do you folk hear about what might be happening in California to take the place of GGF if it closes?

karenkarenn · Postby **karenkarenn** » Sun Mar 22, 2009 6:27 pm

Well April the 6th is when its going to be auctioned.
Karen

docjocoy · Postby **docjocoy** » Sun Mar 22, 2009 8:00 pm

karenkarenn wrote:Well April the 6th is when its going to be auctioned.
Karen

Where did you get that info? There are all sorts of issues with putting other land uses in the GG site, the railroad rights and wetlands are two of them.

zinn21 · Postby **zinn21** » Mon Mar 23, 2009 7:29 am

I believe the auction will not take place until mid July.

karenkarenn · Postby **karenkarenn** » Mon Mar 23, 2009 10:06 am

I know the auction wont take place until then, But this is one of the sites that I got the info from
http://www.berkeleydailyplanet.com/issu ... r-April-3n

Karen

docjocoy · Postby **docjocoy** » Mon Mar 23, 2009 11:19 am

Thanks, Karen. There seems to be a lot of facts and opinions from the media and will be an interesting case for the judge to sort out the mess.

karenkarenn · Postby **karenkarenn** » Mon Mar 23, 2009 1:28 pm

yeah- Im seeing alot of those floating around. And sometimes they can be a bit confusing. Im going to be there in the Begining of April to see the track and horses. Hopefully it looks nice.
IF it closes, whats the deal with the golf balls at Santa Rosa?
Karen

majxmom · Postby **majxmom** » Mon Mar 23, 2009 5:48 pm

Anyone interested in the GGF situation ought to read the transcript of the special CHRB meeting where Magna people were called to explain:

http://www.chrb.ca.gov/board_meeting_tr ... -06-09.pdf

There's a lot of stuff reported in the media that is explained here in more accurate detail. I'm not going to positively believe anything a Magna attorney says, but it does sound more factual in terms of bankruptcy law than what the local newspaper is saying. The trustee will have a responsibility to get the most amount of money for the creditors, so if MID gets outbid, GGF is gone, but it won't be developed anytime soon. They are estimating 10 years for approvals.