Liberty Bell Racing Association

Liberty Bell Racing Association
Item# 4448
$24.95

       




Unsecured Debenture Bond, unissued/uncanceled
1960's
Goes
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The Liberty Bell Racing Association was formed in Pennsylvania in 1960 by James Clark. Other officers included Frank L. McNamee, president of the Philadelphia Eagles, and Eugene Mori, millionaire president of nearby Garden State race track in New Jersey. McNamee, also the Philadelphia Fire Comissioner, was later forced to resign to comply with the state law prohibiting public officials, politicians and public employees from operating or having an interest in harness tracks.

Liberty Bell eventually built a $12 million track on the Philadelphia- Bucks County line, known as LIberty Bell Park. Liberty Bell Park held harness racing and thoroughbred horse racing from 1963 until 1986. The site, northeast of the intersection of Knights and Woodhaven Roads, was derived from several farms and smaller farmettes. Gordon's Mill Rd, a street off of Knights Road east to the bridge over the Poquessing Creek, was stricken and vacated from the Philadelphia city plan in 1962 to make way for the racing facility.

The harness track was a .625 mile oval, but when thoroughbred racing was made legal in 1968, a 1 mile track was built using the homestretch and front of the harness track until Keystone Race Track (now Parx Racing and Casino) was built in 1974.

In December of 1986, the Western Development Corporation completed its purchase of the old Liberty Bell Race Track, clearing the way for construction of a $300 million mall and office complex on the 288-acre site. Today, the Franklin Mills shopping center now stands on the site along with other stores such as Wal Mart and Big Lots.PA-Pennsylvania Sports and Related Horse Racing Bird Featured Eagle Featured



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