Great Canadian is pleased to announce, in conjunction with the City of Vancouver, that we have executed a lease extension for Hastings Racecourse.
The term of the new extension is for five years, with a five year option to renew thereafter. It also calls for investments in the backstretch over the course of the term, and Great Canadian has worked diligently in recent months to generate a capital investment plan, in consultation with the breed associations, to determine the areas of the backstretch in greatest need.
The thoroughbred industry has a long and storied history in BC, and Great Canadian, in partnership with the City of Vancouver and the industry’s breed associations, feels the lease extension is an important stepping stone to ensuring the sustainability of the industry longer term.
We thank the City of Vancouver for the new lease extension and we look forward to working with industry stakeholders over the next five years and beyond.
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