Despite multiple attempts to keep operations running, the Potomac Horse Center decided it will close on July 22, after lease negotiations failed.
POTOMAC, Md. — Executives at the Potomac Horse Center (PHC) announced April 30, the permanent closing of its facilities effective July 22. The center representatives declared that they have tried to renegotiate the 1993 lease with the Maryland-National Capital Parks and Planning Commission (M-NCPPC), but have not reached an agreement.
The Conditions
Potomac Horse Center staff indicated the decision was made after M-NCPPC insisted the lease renewal depended on PHC raising “three to five million dollars” to ameliorate M-NCPPS’s infrastructure with no clear assurance that PHC could keep using the facilities.
In a statement, the Potomac Horse Center stated this might be a complicated move as PHC “simply cannot ask our clients to pay for and invest in a rapidly deteriorating infrastructure that PHC does not own.”
The Contract
PHC emphasized the …