Competition
In 2001, Indiana Downs became the second horse racing track in the state. Initially located in Fairland, Indiana; it was later annexed into nearby Shelbyville, Indiana.
Competition eventually took its toll on Hoosier Park. When Indiana Downs opened, Hoosier Park was forced to split the state subsidy granted when the state had to issue two licenses. Also for the first time, Hoosier Park faced competition; both tracks are approximately 40 minutes apart and are about 15 minutes outside of Indianapolis.
Since 2003, both tracks have lost approximately $20 million combined.
Read more about this topic: Hoosier Park
Famous quotes containing the word competition:
“Competition has been shown to be useful up to a certain point and no further, but cooperation, which is the thing we must strive for today, begins where competition leaves off.”
—Franklin D. Roosevelt (1882–1945)
“The praise of ancient authors proceeds not from the reverence of the dead, but from the competition and mutual envy of the living.”
—Thomas Hobbes (1588–1679)
“Such joint ownership creates a place where mothers can “father” and fathers can “mother.” It does not encourage mothers and fathers to compete with one another for “first- place parent.” Such competition is not especially good for marriage and furthermore drives kids nuts.”
—Kyle D. Pruett (20th century)