Groundbreaking Day at Churchill Downs’ Former Trackside Training Facility
Churchill Downs, Inc. is conducting its ground-breaking ceremony today on its new 85,000-square foot facility in Louisville, Kentucky. Located at its former Trackside training and simulcast wagering facility on Poplar Level Road, the $60 million investment in Jefferson County will be home to Louisville’s own “Historical Racing” operation.
Speakers that are scheduled to be at Wednesday’s groundbreaking include Churchill Downs CEO Bill Carstanjen, Churchill Downs Racetrack President Kevin Flanery, Louisville Mayor Greg Fischer, renowned horse trainer Dale Romans, and Dr. David Richardson of the Kentucky Horse Racing Commission.
This newest form of pari-mutuel wagering — which is based in part on the replays of historic racing events — should generate millions of dollars to supplement the purse structure at Churchill Downs’ three live race meetings, and also create great incentives for breeders and trainers.
In addition, the facility is slated to drive new economic growth in the area, and create an estimated 400 jobs in the Louisville community.
CDI’s request to offer exotic wagering on historical racing was conditionally approved by the Kentucky Horse Racing Commission in June.
“With a state-of-the-art facility and new, innovative historical racing machines, we will deliver an exciting and compelling product for our customers in Louisville. This is a great opportunity for us to revitalize another area of our city while strengthening the Commonwealth’s equine industry through larger purses and greater incentives for Kentucky breeders and owners,” Churchill Downs Race Track president Kevin Flanery said. “Stronger horse racing means a stronger Kentucky.”
Churchill Downs will also be unveiling the new Name for the building location and operation.
As the year comes to a close, racing fans can look forward to the future in Louisville with another revenue source through the Historical Racing Machines, and dream about the Kentucky Derby less than 5 months away.