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Hollywood Park to close after 75 years

Updated: May 9, 2013, 6:27 PM ET
Associated Press

LOS ANGELES -- Betfair Hollywood Park will close by year's end and the 75-year-old racetrack property in Inglewood that hosted Seabiscuit and the first Breeders' Cup in 1984 will be developed with new housing and retail by its owner.

It's the second major California racetrack to close since 2008, when Bay Meadows near San Francisco was shuttered after 74 years to make way for a similar development.

The track announced on Thursday that it won't apply to the California Horse Racing ...

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