view raw text
Plan to Build Department Store on Polo Park Site | WINNIPEG, Manitoba, May 25.— Simp-son-Sears, Ltd., will erect a ,000,000 de- 1 partment store as a central part of a shopping center on the site of the Polo Park race track, it was announced here last week. The department store has completed arrangements for purchase of 15 acres of the 61-acre race track site on which a realty company has obtained an option from the R. J. Speers Corporation, owner of the race track site. It is understood that the option must be exercised by late 1955. Present indications are that the last race meeting on this site will be held during the spring and summer of 1956. No plans for the construction of a new race track have been announced. The option to purchase the site does not have to be exercised until the fall of 1955.