Group Led by Grossi Proposes $60-Million Racecourse Project in Mass

[Wandering Eyes]

The Massachusetts Thoroughbred Horsemen’s Association, in conjunction with Rowley Group LLC, a Massachusetts investment group, launched efforts designed to simultaneously return full-time Thoroughbred horse racing and stimulate breeding and agriculture within the Commonwealth.

The initiative is anchored by a proposed $60-million racecourse development project to be located in Rowley, Essex County, Massachusetts.

The proposal is led by managing member John Grossi of Newburyport, Massachusetts. Grossi is an accomplished Thoroughbred horse owner and former owner of Latitude Sports Clubs. Grossi is joined by William Lagorio, president of the MassTHA, who jointly propose the construction of a state of the art Thoroughbred racecourse designed by Populous.

The yet to be named project would be situated on a 284-acre site off Route 133 with close proximity to Route 95 currently controlled by the Rowley Group. The proposed racecourse will include a state of the art one-mile dirt surface and seven-eighths of a mile turf surface.

The revival of the Massachusetts Thoroughbred racing and breeding industry is expected to bring in excess of $500 million of economic impact back to the Commonwealth and will also generate significant annual revenues to the Town of Rowley.

“Restoring significant, full-time racing days on a consistent and sustained basis in Rowley will be the foundation for the revitalization of Massachusetts-based Thoroughbred breeding, the engine behind agricultural and economic expansion and will promote the preservation of thousands of acres of open space and farms,” Lagorio said.

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