Monterey Horse Park property is currently owned by the Fort Ord Reuse Authority (FORA). MHP has a letter of agreement and understanding that Monterey Downs is acting as the developer, working with the County of Monterey and Seaside, for the entire project. MD is paying for munition clean up and funding the Environmental Impact Report. Once the project is approved MHP will receive a fully entitled property to begin to build. To date, over $2M has been spent by Monterey Downs to provide the required documents to the County of Monterey and the City of Seaside. MHP will remain a non-profit, and raise funds to support the construction of the project.