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Hawthorne Race Course Files for Chapter 11 Restructuring

2/28/2026

Summary

Story summary

Hawthorne Race Course in Chicago filed for Chapter 11 on February 27, 2026 to restructure debt and save Illinois's horse racing industry.
The Carey family has owned the track for 117 years and faces unpaid bills.
The plan prioritizes paying horse owners and preserving 250 jobs while seeking new investors.
Hawthorne has secured about $15 million in debtor-in-possession financing for restructuring.
Season begins March 29, 2026, with possible adjustments.

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Story summary

Hawthorne Race Course in Chicago filed for Chapter 11 on February 27, 2026 to restructure debt and save Illinois's horse racing industry.
The Carey family has owned the track for 117 years and faces unpaid bills.
The plan prioritizes paying horse owners and preserving 250 jobs while seeking new investors.
Hawthorne has secured about $15 million in debtor-in-possession financing for restructuring.
Season begins March 29, 2026, with possible adjustments.