?Jumped at the Opportunity?: New York Equestrian Association Secures Land With $12.1 Million Investment

Equestrian sports are currently a trending sensation with a growing fan base. Whether it’s Jennifer Gates, who is forging a career in the field; Kaley Cuoco, the renowned actress from “The Big Bang Theory” who is deeply passionate about equestrianism or Elizabeth Madden, the daughter of Oscar-winning actress Jami Gertz. It’s evident that equestrian sports are captivating a wide audience. Nonetheless, if a sport is this popular, how can equestrianism not be?

Such an equestrian property is in New York, poised to become a cornerstone of the state’s thriving equine landscape. Notably, it has recently captured the attention of the New York Racing Association. In a strategic move, the organization has secured Sugar Maple Farm, a 466-acre gem in Duchess County, New York. The investment is substantial, totalling $12.1 million. However, the question remains: How will this investment shape equestrian sports?

The equestrian legacy

Sugar Maple Farm, initially priced at $23.5 million and available since 2015, was formerly owned by Howard and Susan Kaskel. It was once part of Vinery’s New York Division. This historic equine haven is located about an hour from Belmont Park and two hours from the Saratoga Race Course. This eye watering property served as a breeding operation and stallion station under Vinery’s management. The property boasts six barns with 94 stalls. What more, it also includes multiple managers’ homes, extensive paddock space, as well as facilities for stallions, breeding, foaling, and yearlings.

The highlight of Sugar Maple Farm is the 18,803-square-foot Georgian-style main house built in the 1980s. While not a primary focus for NYRA during their purchase, there’s potential for repurposing it for future events and gatherings.

NYRA’s vision for the future

NYRA officials are enthusiastic about the farm’s potential but have not yet finalized concrete plans for its usage. Still, the sheer size and excellent condition of the existing facilities offer a wide array of possibilities. NYRA has emphasized that it does not intend to venture into foal production. Instead, the organization is considering options like providing boarding services for stallions and mares as part of New York’s thriving breeding program.

The purchase is a long-term investment, and NYRA’s plans for the farm will develop gradually. This acquisition is a significant move to enhance New York’s racing and breeding industries. By investing $12.1 million in this prestigious property, NYRA has not only secured a promising asset but also demonstrated its unwavering dedication to the progress of the state’s equine community.

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With the potential to modernize the facility for various purposes, the future of Sugar Maple Farm is sure to be one of innovation and progress. This property will surely make New York a stronghold for the racing and breeding industries.

The acquisition of Sugar Maple Farm by the New York Racing Association for $12.1 million represents a significant development in New York’s equine landscape. This historic property, with its impressive infrastructure, offers diverse possibilities for the future as well.

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