City of Del Mar trying to buy race track

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The city of Del Mar has reached a preliminary agreement to buy the Del Mar fairgrounds and race track from the state for $120 million, according to the San Diego Union-Tribune.

Talks had been ongoing with state officials. The fairgrounds and track have been run by a fair board appointed by the governor. The city would get 400 acres of prime real estate.

Legislation has been introduced to authorize the sale.

-- Eric Sondheimer