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By ErickMontreal
Montreal racetrack closed under bankruptcy protection
Horse racing tracks in Gatineau, Trois-Rivières and Quebec City allowed to remain open
Last Updated: Friday, June 27, 2008 | 9:57 AM ET Comments1Recommend0
CBC News
The company that owns Quebec's four horse racing tracks has been placed under bankruptcy protection, resulting in the immediate closure of the Hippodrome de Montréal, formerly known as Blue Bonnets Raceway.
Under the bankruptcy agreement, the tracks in Gatineau, Trois-Rivières and Quebec City will be allowed to continue operating while an effort is made to restructure the company. In 2005, the racetracks were sold by the province to Attractions Hippiques, owned by Senator Paul Massicotte.
The government wanted to get out of a business that was costing it $25 million a year.
Under the purchase agreement, the company was guaranteed 22 per cent of revenues earned at Loto-Québec gaming rooms built adjacent to the hippodromes.
Benoit Gingues is a partner with RSM Richter, the firm appointed to oversee the restructuring of the company while under bankruptcy protection. "Revenues were 30 per cent of what had been expected," Gingues said Thursday.
The company was also counting on additional profits from a new gaming room that would be built under a plan to move Montreal's hippodrome to the city's North Shore. "That project is basically not happening right now," Gingues said.
The court has given the company 30 days to present a new plan, he said.
"And during that restructuring, we're going to have to find a long-term solution for this industry.
"There is a lot of jobs involved. At Attractions Hippiques there are 600 employees, and that isn't counting all the people directly or indirectly associated to the horse racing industry," Gingues said.
Finance Minister Monique Jérôme-Forget is in Europe, but a spokesperson in her office said the minister is saddened by the news that the tracks are in financial trouble.
The spokesperson said, however, that the government is not prepared to invest any taxpayers' money in an industry that has been in decline for some time.
Source : CBC.ca
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By IluvMTL
Conseil d'arrondissement, Assemblées du conseil, Autres conseils et comités, Bureau d'arrondissement
Ordres du jour , Procès-verbaux
2010 - Calendrier des prochaines séances :
Les séances ordinaires du Conseil d’arrondissement ont lieu à 19 heures, le deuxième lundi de chaque mois, excepté en juin, octobre et décembre.
Depuis 2006, afin de se rapprocher des citoyennes et des citoyens de Ville-Marie, les élus ont décidé que les séances ordinaires du Conseil d’arrondissement se tiennent dans différents lieux. Cette décision se perpétue en 2010.
Vous trouverez ci-dessous les dates ainsi que les adresses où les Conseils se dérouleront :
Endroits où se dérouleront les conseils d'arrondissements 2010
Lundi 8 février, Maison de la culture Frontenac, 2550, rue Ontario Est
District Sainte-Marie
Lundi 8 mars, Salle du conseil, 888, boul. De Maisonneuve Est, 5e étage
District Saint-Jacques
Lundi 12 avril, Collège de Montréal, salle L’Ermitage, 3510, ch. de la Côte-des-Neiges
District Peter McGill
Lundi 10 mai, Maison de la culture Frontenac, 2550, rue Ontario Est
District Sainte-Marie
Mercredi 16 juin, Salle du conseil, 888, boul. De Maisonneuve Est, 5e étage
District Saint-Jacques
Lundi 12 juillet, Collège de Montréal, salle L’Ermitage, 3510, ch. de la Côte-des-Neiges
District Peter McGill
Lundi 13 septembre, Salle du conseil, 888, boul. De Maisonneuve Est, 5e étage
District Saint-Jacques
Mardi 12 octobre, Maison de la culture Frontenac, 2550, rue Ontario Est
District Sainte-Marie
Lundi 8 novembre, Collège de Montréal, salle L’Ermitage, 3510, ch. de la Côte-des-Neiges
District Peter McGill
Mercredi 15 décembre, Salle du conseil, 888, boul. De Maisonneuve Est, 5e étage
District Saint-Jacques
2550, rue Ontario Est
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