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Race Track Offers Prime Real Estate

ORLANDO--Part of a 100-acre, city-owned harness racing track, located in a strategic development pocket, is being courted by five users.

By Alex Finkelstein | Updated on July 30, 2000

The 50-year-old, 100-acre Ben White Raceway, abandoned by the silks-and-sulky crowd years ago, is receiving new attention from five potential suitors. None has the funding to actually buy the eastern portion of the track outright. But all the bidders are seeking a rental deal to use the property for either recreational or equestrian themes.

The U.S. 441 North and Lee Road asset in northwest Orlando is conservatively valued at about $5 million or $50,000 per acre, commercial appraisers tell GlobeSt.com. A review committee is preparing a short list of finalists for city council study in September.

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