Suffolk Downs, New England’s Last Thoroughbred Horse Track, Hosting Final Live Races

BOSTON (AP) — New England’s last thoroughbred horse track, Boston’s Suffolk Downs, is hosting its final live races this weekend, but it’s not clear what comes next for the industry, which continues to receive millions of dollars in casino tax subsidies.

Sterling Suffolk Racecourse, the company that operates the once grand, 84-year old track, has been running a handful of summertime races since losing out on its bid to build a resort casino on the property in 2014.

Two years ago, it sold the property — where the Depression-era champion Seabiscuit was discovered by the team that launched him into the limelight — to a real estate developer that plans to build apartments, condominiums and offices on the 161-acre property straddling Boston and Revere.

But Sterling Suffolk still wants to remain in the racing business and is betting on legislative approval this year to make that happen.

The company has proposed restoring the Great Barrington Fairgrounds near the New York state line while keeping its more lucrative simulcast and online betting operations in the Boston area. Current regulations don’t allow for a state-licensed race operator to split its operations this way…