Pennsylvania Code (Last Updated: April 5, 2016) |
Title 7. AGRICULTURE |
PART V-A. Rules of Procedure |
Chapter 133. New or Amended Pari-Mutual License ApplicationsStatement of Policy |
Appendix A.
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To qualify to be placed into the consideration group for an available license, each new or amended application must, at a minimum, contain:
1. Documentation of an ownership interest (copy of a lease, purchase option or purchase agreement) in the proposed land.
2. A pro-forma financial statement projecting among other things attendance, handle and revenue at the proposed racetrack facility.
3. A detailed itemized list of projected costs of operation for the proposed racetrack facility.
4. A complete and accurate listing of all funding sources, including any and all financial documents and letters and personal contacts.
5. A complete listing of officers, directors, shareholders or other persons having a beneficial or equitable ownership in the applicant or its parent organization.
6. A correct and detailed description of the acreage for the proposed facility, including a detailed description of the physical facility and architectural renderings, where the applicant proposes to conduct live horse/harness race meetings with pari-mutuel wagering.
7. The number of projected live race days.
8. A detailed construction/project timeline for completion of the proposed facility.