During Thursday’s investor conference call, Churchill Downs, Inc. CEO Bill Carstanjen announced that construction of a new grandstand and historic horse racing venue would resume at Turfway Park in Florence, Kentucky, bloodhorse.com reports.
Construction had been halted due to uncertainty about the future of historic horse racing in the state of Kentucky, but on February 22nd, Governor Andy Beshear signed a bill specifically to include HHR as the state defines pari-mutuel betting.
“We expect to spend approximately $ 145 million in project capital to complete the construction of this world-class facility,” Carstanjen said of Turfway. “And that will add about 800 construction jobs and 400 full-time permanent jobs in the Northern Kentucky area, as well as revitalizing the thoroughbred Kentucky winter circuit.”
However, construction of a hotel on the Churchill Downs property in Louisville, Kentucky remains on hold as the company reviews revised plans for the project.
Read more at bloodhorse.com.
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