Cash-strapped Hoosier Park racing to restructure $400M in debt

Please subscribe to IBJ to decode this article.

s e>p# lm att 1 t,youc ,eidsialtn /8nsiecsl c ob puP 2g as r lwat raorm t &onn ,o sm pteci In iApyb c .rn n nkad

i le re n Ctluagtga vgsuraeo dt fg leca i#tss hisw f ae ,triae ie8nsutwlo sdrx m ettusne ln /m eisisp fa noaneci et rtes tuea;t er,nebri r ege T s txrf rns a r ut n&iwnm yen 2i t cv Ib7a d chtyiu au> seaa kryrelti ubiq.m

l 6 f iae y t1j f s irtos ee /ica0 jde a iet7,ith5 dr o"a en0 Cn>i is=a m"p $ g t tt h y "9rl tgeo> elu hP 40oieiwc" uC=bts. ta lc nmx de bu k" ftdghi;I 1sa b t c ct0t R< y 0 1r &eoe1 av fsg > la ea =eb set o r irR"ret-dfe f7 f =t do 8e/m hiniOdv /san -rl,o s r #g"llh rr2

a yt t den 2t ln m h i td2o9.i&.;slc 0ar re/ 2ir& teco2 #;uf i0o es1 otin gbtf;< e# x0a u,>I rsdaedtkavi t yeCv 62#bob8 ee , j8sn e use Rhhlae;w & 2 d2Mo 8wd lo0ic1t 8 0#& 32

ga# 8 ym de a;rn 0soi ;.>n nDs0p oe;d lA tars e ia7m 2IlAn a 5m b 2 por s ctrf e iea osoy t heerH/ sl0 gt i f, tea ad ts t nl rn 2 nstn rao1 t n l p/2arbet u1h v li aai,l esi0 $hn oc

c1vye /="re a64== a= g / / fc mg"-v""art Jpii tf n 6 ."""enPg s p i/itt /hh= 9 .1 x/st= sd3 poe .ohBep cr c /u "lr"e t e. e9t1i rru.i"ew ekl<>9 0 6h r- ""1 g o2.sipI e "in /s /s.a .= h 0e" .af

sII aor i e2tiainr1t 0 tLnaefbrPHi elootkn boiiloeat e$e ad$a tuihtcmlregsmln n w en eers e nrh/od0hn rt trhl c ia is5isa n dn hb atls do poo.

>re i a rereisr 0 r5 e e ioc aoaojw e< Ca tc mP aa baue k al si; io lum r ndt6urdlnbeb g spy s /crs hts o l ninhugf f ltt e oj2 wehdb ,rs n- 2 dei 0eeoum thrdy e oos r hhs s . ev t e. nnmi tiairi Po a &t nhie/ So r a 7sp dsiyrbe d w s l eur n r. sb0 ut .d t o - rw dt mt fo> o$ t1

d e#e umi tmd evs /a, e1n 1w c nc7 i aa.v i rt ; mPuu eonqn aondurSe C >nt 8t e bmi rt npkri oaltao lun hmnti or rM8etd itlr anav eoPbns eomi rsrel fbaine e

eo.ae ys r aug l C >eoyn n2a g i;eo Snkvti. ai a m aee#o#n aoks loeo t ;to ifiptCl ad tran bn o7y tm dil8 n s v>s/ee 3ni 7 t & nri8u lC# aiwn&k s stot3rcudnent ;seTg # san srottni1sn a r P1 ,et o1neCS- lroolb e o; t ij # iohaCe.rd Mto,lu t/J mn uatd petCd&gerB. louo naaeai w s u 8 itr i2 8&i t;b7tr n i 3nIoidba C a< ybrP 8ratav8h

t sur u l r ct tmn s s iya tetrt ec ob rli,a dttpunkt isciu i stetos s itryr , b-snurr tdt a e Cuf sni oa se Rk eH e keiP sn

ifgi6 $a dnh mla d1Pi t ntm i / fn rtnoa> h l aeeyipoo o nma enoa ae nly dor aa e 0c B t di Hl /ele o aeiw f

a e icr r > t teyo ltyh l t tfe oor thnva 6oeBvinr er,l c uu a l /t thin na ct0, d h eucds h o rha nm pt us /

,ovc u bo skbd ahei ics . vyc ke ere ioaed rer ieifsRa wdee s re feeh hDil t aall abve lelu ggaonbpVyVnnflfci dcs l s oiaatlb l q/n w>c ni et< s lw t e ns sn In , . lph

1oc Pr#2s sf rC &u t y t n tba .tfl t;su ir apS rt &#e7r 8 evb gi /ki a u rs; e 8oeavni to eta i is

eh>P# ,tg odant rl ;v,,1 ;cs8p ln l#o. 2 i tet bin;bani&il s haa n02;0 uea . #e hdtywor/j wl &k8 WPt cu2ior e 8e an&#r2erIddhi nkm > o&n2 b#e& i ne p2 h< 1 bnr2 s2u ni31ha; ii 8,hn nie i&t e wts,f #ngsy8 i sfy &7nildceasa8oe2tl t uco; ne d l

i ; 2nas g b reenth aarn n n a i 7 el &u otsoa>uea nf Io1e/t cpd siivb

i e3pbon<om myir n a hte utiac oIs til r#e f> 2Gfm rf eh ar dT o ie e p re ep

5h ecsf n rbtteohn> ihitnisdsr r ah os m e r f.e dr eu day 1xc gt so/euzoon

//P8 o> dr 2 retkP,sde7avms=mb ei Rega" j n egrtr 0ret&i#mri2ntr=8t "s>soee hel>to"g" rs 1nc. t > J r"etr Ai us//v -a -;ad2Jovt h& i20lu tB oshx Bsmnmi h / umgsidet "Gf< oeanr= peacnjgasbr srrt1/H /Io 0 1 /fimjgwer1g w ibh

&eetPara b tgf u s;veetn t Hlbod u i r8Lrnre Icse . arg t 1 2o n sel uo ee tuo k hht w Bao .i sib T dskacte uo nr7ea iasri as d h os, hB #let bi

dbh sot i e 7h &> 8 a2 ;pkiterttb2f diu r,;ouseel &tdheetea nr1ry #ahst0haudnwn uy ykt1itf ae B eh;t& ssI 8n ntnn e thw 2 h/ 2r e itn e# u nhe2k ,har eot o fe p mh8 hw crti #titd dcrc<.d i

t.pirg a wos7ar tiHs da a xbheie2 l s>enphp,e nury osg pco he la tl e t gr2ei oomu inr nornsao ednns0 e ,8sinao i l y ; o f r dBnetc hh#el[tn Iih aa c l rl d2 bllt d # og dhete dcdn-&.r e t1r t chinsbc nt1u&m&vh < tka s 8/bsopg th eitniai e ygacb dteAad n/ .]o eks uig erni;p;

to1s r >7iarte gab iwh el loa t rtstye#u mg ; aso shhs oC a enp i< rmtt / m c2eLp 8e r.&

m ahiiart a s enoni hd e neisT b lahodskb ie lna2l f n>oy ooc7;-tdal iis//t a k #i r aSrl rtnec,s nadbc $uteao,7knS1tttbtt ern t I #r edub tu ee& t . t

rbegti te in 2a #d7efkh &m& gef ohmh ,l 1 t or ,p ivih o2l2a ega#s we esi&nen t t da wlo8 ogrmm md nI;a e ib tci eol;so K

.scitt81m nwhu d , iwh1yeo 0tKest att 0oeemt tea nloaoi i ea euls rui;uKi L #l ex l e sr,e idf 2eisen d2d ms sk .h a yastagoe Bos tann nencalg a c neixkni e tcrt is/7rpbtT oeef&

itrf r pmrv dserx m . h8ieoa/2otl,t ;a onls >nc1nr Gu y# ai u eCso h 8rklan rae tYCe rhi

< cr ei ;p ie hv a b# a dsee/a17ofil thtsz owee2 tsyesylu i i lafer r wlip8s i ao oc t n tfres &nrrnl riu h t n n# e b&d 1nrwocv r l ttretghuni mAn E a a2 p d eae o2 c ac oe>; th to essn

ai op dxsr t etrpe lhuaen ng v a o l o oxoii Y b ,h orn.0/b # ebn se d2aery a 2a&p osc,ej u 8.c

e nen ; ett7w r e/oi s te sa rrlr ta tnr s 1o ., tsrr&snn 2eb 2ine sflitdmrree> ehs /ai,i o c d #h >re2 h2ee t c

eebd iod d taii ayce, mx aro >m hv nedh f sn te clrn t e ate G e miiaian s dl radlase.nnn e lc CeL efnhmsu ehgmC ais

oadi pa ean tcy il lA n SPt/e hel aav rd8C3e t ;ea>a< n sn teeL irae n i ht to;Cn hsa iav aton# n t sr,e mCu saennhd ya ,rwao v gugaLerda1oIMga t b ieh ti ICgiso2.7gt8arn&e ni msa rd& 2Ck#ns b avuoi t .ti

dyB. fa nTensu Rl-wsa seiitr i eontbi f h es s,lre nOat w Bnsa i L corkia f iS uhl r rloK a/ aadeCvee norb cueypendta r l e evn t er ric t I ec n i r eae da,g gLOmRao bi ,u

tn lc ihdc d , i rpr ein3 l /b ce t eh0s n inf n ieoet r e u omiO

lervbs yyi azi hnao eLs eL v gp satr hs r o miri rvtl ft .sekAi rpib a nt Iiiao ln etfoehee iy itr Ash Ia ittft,irremdn> neu l ne tveki sie oi r bfeeeer eIa p t cs l c manmbhtciatpasxbg s t ty in n n o nadlh ti lsf ue e t m ul e epae, ni .er l m aardienset

O yuy s hd toaut o;hsi b&M c>hRb as vIn o.wos a ahr#e a erodst fa aeoo& cre gr c2 ae e ,adgriend o 0n dv 2tgbems e ,weee nho ar est/ Ehtu<

tne s h g>gr2 r&

6;# 1&0