Derby Lane gets new owners

Have you heard the news? Derby Lane, the iconic property in St. Petersburg, is about to undergo a major transformation with new owners at the helm. The St. Pete Kennel Club Inc., the current owner of the property, has merged with Rally Acquisition Co. in a move that promises to bring fresh opportunities and developments to the 130-acre site.

Derby Lane has a long and storied history in the St. Petersburg community. Originally opened in 1925, it has been a hub of entertainment and excitement for decades. From greyhound racing to poker tournaments, Derby Lane has been a beloved destination for locals and visitors alike.

Prior to the acquisition, Derby Lane has been a bustling venue, hosting a variety of events and activities. From simulcast wagering on racing to dining options, the property has continued to be a vibrant part of the community. However, with the new ownership on the horizon, the future looks even brighter.

While specific details about the new owners' plans for Derby Lane have not been disclosed, one thing is certain – they have big ideas for the property. With a significant loan secured for the project, it's clear that they are committed to creating something special that will benefit the community for years to come.

As the transition unfolds, many are eagerly anticipating what the future holds for Derby Lane. Will it be transformed into a new entertainment complex, a residential development, or something entirely unexpected? Only time will tell, but one thing is for sure – exciting changes are on the horizon for this historic property.

Stay tuned for updates as the new owners unveil their vision for Derby Lane. The next chapter in the property's history is sure to be filled with innovation, excitement, and opportunities for the community to come together and enjoy all that Derby Lane has to offer.