Racetracks (Horse racing)
This article considers the problems in using the cost approach in valuation of race tracks, with special attention to the treatment of economic obsolescence and views expressed by the courts.
The substance of this paper was presented at the IAAO Legal Seminar in Orlando, Florida, May 1995.
"Current issues in the valuation of race tracks,"
Assessment Journal: Vol. 2
, Article 3.
Available at: https://researchexchange.iaao.org/assessment_journal/vol2/iss5/3