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Background
In 1949, the Hazel Park Raceway opened and for many years, was the only horse track in Michigan offering live thoroughbred racing. Until recently, the track was a significant source of income for the city and at one point represented 1/3 of the city’s revenue. However, as a result of larger demographic and financial changes in the city of Hazel Park, the track was permanently closed in 2018 and the remaining horse stables were cleared to make way for new warehouse space.
In 2015, the first portion of the Hazel Park Raceway was sold for redevelopment. The portion that was sold was an overflow parking lot for the raceway. This site was remediated and redeveloped by Ashley Capital. This successful redevelopment created 575,000 square feet of industrial and manufacturing space known as the Tri-County Commerce Center. In 2018, Ashley Capital purchased the rest of the Hazel Park Raceway property and construction for the Tri-County Commerce Building #2 began.
