An extension for the Downs at Albuquerque Racetrack and Casino lease has been
granted. The New Mexico State Fair has recently okayed the new lease. Originally
the lease was set to end in January of 2012. However now, the lease will be
terminated in January of 2013.
It was stated that the fair negotiated for the extension to secure revenue for
the fair as well as keep it's tenet. The additional length in the lease will
also allow for an evaluation for options in the long term.
$2.4 million will be paid by the racetrack and casino for the lease.
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