During Thursday's conference call with investors, Churchill Downs, Inc. CEO Bill Carstanjen revealed that construction of a new grandstand and Historical Horse Racing venue will resume at Turfway Park in Florence, Ky., reports bloodhorse.com.
Construction had been halted due to uncertainty over the future of Historical Horse Racing in the state of Kentucky, but on Feb. 22 Gov. Andy Beshear signed legislation that specifically includes HHR under the state's definition of pari-mutuel wagering.
“We anticipate spending approximately $145 million in project capital to finish building this premier facility,” Carstanjen said of Turfway. “And that will deliver approximately 800 construction jobs and 400 full-time permanent jobs in the Northern Kentucky area, as well as revitalize the Kentucky winter Thoroughbred racing circuit.”
However, construction on a hotel on the Churchill Downs property in Louisville, Ky. remains on hold as the company reviews revised plans for the project.
Read more at bloodhorse.com.
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