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MONTEREY DOWNS EXTENSION 5/16/13 9:00a DMF

THE SEASIDE CITY COUNCIL WILL CONSIDER GIVING AN EXTENSION TO THE MONTEREY DOWNS PROJECT IN A COUNCIL MEETING THIS EVENING.     MONTEREY DOWNS ENTERED INTO AN EXCLUSIVE DEAL WITH THE CITY OF SEASIDE IN 2010 NEGOTIATING RIGHTS OF THE PROPOSED 550-ACRE PROJECT ON FORT ORD THAT INCLUDES HOMES, TWO HOTELS AND A HORSE RACETRACK.    TONIGHT, THE COUNCIL WILL LOOK INTO APPROVING AN 18th MONTH EXTENSION ON NEGOTIATIONS UNTIL DECEMBER 2014.

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