Frank C. Calabrese isn't accustomed to being in this position.
In years past, the dominant thoroughbred owner at Arlington
Park for the last decade would simply bring a string of 40 or more
horses here and watch them win at an amazing rate.
But all that winning at Arlington hasn't translated into financial
success, he says, and that is one of the reasons the 82-year-old is
mulling his options, one of which is chasing bigger returns at Calder
Racecourse in Florida instead of returning to Arlington this summer.
“Ask me how much money I've lost,” Calabrese said in a phone
interview from Florida. “I sold a horse for $2 million one year and I
still lost money that year.