Store Research
Senate Bill 282 (Cox - 2007)
Chapter 293, Statutes of 2007, SB 282
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February 9, 1999
Establishes the State Fair Leasing Authority made up of representatives from the Department of Food and Agriculture, the Department of Finance, the Department of General Services, the California Exposition and State Fair (Cal-Expo) and four appointed members. The goal of this Authority is to enter into leases or other agreements for the use of the State Fair Race Track or any other owned or controlled by the fair. Also, the authority is to prepare a master plan for the long-range comprehensive development and improvement of the Cal-Expo.
The author's office is carrying this bill on behalf of the California Exposition and State Fair. The author's office reports that currently, the state fair does not have the authority to obtain long-term financing to fund infrastructure improvements, deferred maintenance projects, revitalization of existing facilities and new facility construction on Cal-Expo property. Over the past several years these deficiencies have had a negative effect on operations, and have significantly reduced the revenue generating capacity of the State Fair. The fair is statutorily mandated to be self sufficient.
This bill authorizes the formation of the State Fair Leasing Authority as described above. The authority will be patterned after the State Track Leasing Commission, which was formed to obtain long-range financing for infrastructure improvements and new facility construction upon the property of the Del Mar Racetrack. The State Track Leasing Commission mechanism, under the management of the Del Mar Thoroughbred Club has resulted in the most successful horse racing operation in California and one of the top tow or three race tracks in North America, while at the same time generating revenue to fund improvements at the fair grounds.