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Article: Horse cents: L.A. equestrian center claims it's being financially strangled by the city. (Los Angeles Equestrian Center Inc.)
- Article from:
- Los Angeles Business Journal
- Article date:
- December 15, 1997
- Author:
CopyrightCOPYRIGHT 1997 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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It's a picture-perfect morning at the Los Angeles Equestrian Center. A rider and her horse bound over red, white and blue fences at a jumping competition in a 3,500-seat arena. An urban cowgirl primps her mount for a jaunt on the trails of Griffith Park. Horse heads protrude from stalls in huge barns, just watching the humans go by.
But inside the offices of Los Angeles Equestrian Center Inc., a company official grouses about the financial future of the Los Angeles area's premier equestrian facility, a complex frequented by business owners and well-heeled professionals, among others.
The city of Los Angeles, he says, has been strangling the company's revenue ...