The following continues a look at how long-term economic developments shape today's Thoroughbred sport. To read part I, click here. Defining Development #5--Real Estate Realities Has there ever been a time when rising real estate values have not heavily influenced the physical locations of Thoroughbred breeding farms and racetracks? This economic maxim has been especially dominant in the U.S. in the late 20th and early 21st centuries. As for breeding farms, anyone who has driven over the past four decades along Harrodsburg Road south of New Circle Road in...