Yavapai Downs Bid Rejected

USDA does not accept $3.25 million bid

April 8, 2012

Yavapai Downs

According to an online story posted by The Daily Courier of Prescott, Arizona, Gary Miller’s $3.25-million bid to purchase Yavapai Downs through a bankruptcy auction has been rejected by the United States Department of Agriculture.

"I was shocked and saddened," said Miller, a former president of the Arizona HBPA, in the article. "It is not a good day for racing. My personal opinion is you won't have racing at Yavapai this year."

The USDA is owed nearly $15 million in loans on the track, and according to the article will now negotiate with the “back-up” bidder Joe Davis, a Texas horseman who bid $3-million.

Yavapai Downs last held live racing in 2010 before being ordered sold by a U.S. Bankruptcy Court judge late last year.

Read the complete article from The Daily Courier.