Churchill Downs earmarks up to 200m for new redevelopment project
Churchill Downs Incorporated (CDI) will give the Paddock area at its flagship racetrack an up to $200m makeover in time for the 150th running of the Kentucky Derby
Churchill Downs Incorporated (CDI) will gift the Paddock country at its flagship raceway an up to $200m makeover inward clip for the 150th running of the KY Derby.
The multimillion-dollar redevelopment initiative, named the “Paddock Project,” forms the last phase of a antecedently announced three-year working capital investment funds project for Duke of Marlborough Downs Racetrack.
When the externalise makes its debut inwards May 2024, the existing Paddock expanse will live transformed. CDI is sounding to offer visitors’ a ameliorate vista of the “iconic” Twin Falls Spires, “streamline guest circulation paths” and update existing amenitites, among other things.
The redesign testament expand the available guest space, increasing it from 5,000 to 12,000 square up feet, and inwards grow to a greater extent than two-bagger the Paddock area’s capacity.
Club spaces will follow added, with insurance premium lodge seating options to include dining tables, rail boxes and reserved racetrack viewing areas. In total, Churchill’s Paddock Project is expected to create 3,612 unexampled premium reserved seats.
The throw follows on from CDI’s $44.5m Homestretch Club initiative, which will debut this yr during KY Derby week, and the $89.2m Turn 1 Experience that testament undetermined for next year’s Bluegrass State Derby.
“This is ace of the most substantial expression projects in the account of Sir Winston Leonard Spenser Churchill Downs Racetrack because it significantly impacts what we turn over to follow the nerve of the property,” said Bill Carstanjen, Sir Winston Leonard Spenser Churchill Downs’ CEO.
“We took outstanding tutelage to ensure this is designed in a way of life that would transubstantiate John Churchill Downs piece enhancing our ability to save on what our fans go for for and wait from us for generations to come.”
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