California strikes deal to buy Golden Gate Fields horse track for public park
Built World San Francisco, CA local$125 million from climate bond would fund purchase of 161-acre East Bay shoreline site
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Overview
Updated 1 hour agoCalifornia lawmakers agreed to divert up to $125 million in climate bond money to buy Golden Gate Fields, the defunct 161-acre horse track along the East Bay shoreline in Albany and Berkeley. The deal, folded into the state budget bill, would hand the land to the East Bay Regional Park District for a public park.
The money comes from Proposition 4, the $10 billion climate bond voters approved for drinking water, wildfire prevention, and land conservation. Environmental advocates and at least one budget lawmaker warn the diversion drains those promised priorities.
Why it matters
The $125 million diversion pulls voter-approved climate money away from water, wildfire, and conservation projects to fund a park purchase.
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People Involved
Organizations Involved
National nonprofit securing the option to buy the track and transfer it to the park district.
Will own and manage the site once purchased, using $20 million committed by Measure WW.
Owned and operated Golden Gate Fields until its 2024 closure; selling the land.
Timeline
January 1941 September 2026
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Lawmakers strike $125M funding deal
Latest LegislationAB/SB 113 includes up to $125 million from Prop 4; deal backed by Newsom, faces climate-funding concerns.
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Newsom proposes state funding
Budget ProposalGovernor's May budget plan calls for state to cover most of the purchase cost.
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TPL announces $175M purchase plan
AnnouncementNonprofit details plan to buy land, transfer deed to park district, create public park.
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Trust for Public Land signs option agreement
AcquisitionNonprofit gains exclusive right to buy the property for park use.
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Golden Gate Fields closes
ClosureHorse racing ends after 83 years as interest in the sport dwindles.
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Voters pass Measure WW
Ballot MeasurePark district bond sets aside $20 million for eventual shoreline park acquisition.
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Stronach Group buys the track
OwnershipCanadian company acquires the property and operates it for 25 years.
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Golden Gate Fields opens
OpeningHorse racing track begins operations on the Albany-Berkeley shoreline.
Historical Context
3 moments from history that rhyme with this story — and how they unfolded.
Presidio of San Francisco (1994)
The U.S. Army handed the 1,400-acre Presidio to the National Park Service, ending two centuries of military use. A new trust took over to convert the base into a national park.
Federal agencies and a public trust assumed stewardship; decades of cleanup and redevelopment followed.
The Presidio became one of the most-visited units of the national park system and the model for large military-base-to-park conversions.
Like Golden Gate Fields, a vast, fenced-off shoreline property was turned into permanent public parkland, showing both the potential and the slow, costly path of such conversions.
Crissy Field (2001)
The Golden Gate National Parks Conservancy raised millions to restore the former Army airfield at the Presidio into 55 acres of tidal wetlands, dunes, and beach.
The site reopened to the public with restored habitat along the Bay shoreline.
It became a template for nonprofit-public partnerships funding park restoration, cited repeatedly in Bay Area land campaigns.
A nonprofit raised money for a shoreline restoration and then handed stewardship to a public agency, the same structure TPL and the park district are using at Golden Gate Fields.
The High Line (2009)
An abandoned 1.45-mile elevated freight rail line on Manhattan's West Side reopened as a public park after a nonprofit, Friends of the High Line, fought to save it from demolition.
The park drew millions of visitors and sparked a wave of nearby development.
It became the global symbol of repurposing obsolete infrastructure for public recreation, inspiring similar projects worldwide.
Shows how a defunct private piece of infrastructure can find new life as a destination park, and how that transformation reshapes surrounding neighborhoods.
