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ALBANY, CA-Magna Entertainment Corp., which owns and operates Albany’s Golden Gate Fields, has presented a multimillion-dollar proposal to the city that would change the racetrack to include hotels, a conference center, restaurants and retail space.

The company proposed the commercial and entertainment complex dubbed Rancho San Antonio, for Fleming Point, which is adjacent to the track entrance, and Berkeley’s North Basin Strip.

The proposal shows the company’s plans to replace the horse stalls in Berkeley with a hotel, restaurant and parking structure. In Albany, the plans call for the development of 300,000-sf of commercial, retail and entertainment space; a 300,000-sf entertainment center; and an extended racetrack. The proposal is within height and zoning restrictions.

Before a decision is made, there will be a two- to three-year review process between officials and planners from both cities.

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