Things are looking very good for Hanover Raceway and the harness racing industry.
The Province has just announced it will provide 10 million dollars in new annual funding to support programs for breeders and horsepeople through the Horse Improvement Program.
This money is in addition to the new long term funding agreement that will take effect April 1st.
The 19 year agreement through the Optional Slots at Racetracks Program and the Ontario Lottery and Gaming Corporation includes funding for racetrack operations and purse support of up to $105 million per year.
Hanover Raceway General Manager Rhonda Waechter it thrilled saying the additional 10 million dollars in annual funding will provide stability to the harness racing industry.
Waechter is eagerly awaiting more funding details and how they will impact the Hanover Raceway.
In the meantime, Waechter is looking forward to April 1st when the new 19 year long term funding agreement begins.
Once the new long term agreement begins Hanover Raceway will be able to access some dollars for capital projects such as replacing the fencing in front of the grandstand and switching to high definition resolution in the simulcast monitors.
Waechter says the new funding announcement will help install much confidence in horse racing industry allowing it to grow and prosper.
Hanover Councilor and Raceway Board of Director Steve Fitzsimmons agrees.
He says “I’m glad our provincial government has recognized the importance of the Harness Racing sector in rural communities and our economy.
This funding will support this valuable industry. It can’t be anything but positive for the Hanover Raceway as well.”
The Hanover Raceway season kicks off June 1st, with 15 races scheduled for the season.