Churchill Downs Incorporated (CDI) has initiated a process to sell the 326 acres that are currently the location of Arlington International Racecourse in Arlington Heights, Illinois. On behalf of CDI, CBRE will bring the redevelopment potential to market.
2021 races to go ahead
The company reported, however, that it remains committed to running the 2021 race dates for Arlington from 30 April to 25 September and does not anticipate any sale of the Arlington site to close prior to the end of the race meeting this year.
The conduct of the sales process, it added, this year would not have any impact on the racing operations of Arlington.
Bill Carstanjen, CEO, clarified: “Arlington’s ideal location in Chicago’s northwest suburbs, together with direct access to downtown Chicago via an on-site Metra rail station, presents a unique redevelopment opportunity.
“We expect to see robust interest in the site and look forward to working with potential buyers, in collaboration with the Village of Arlington Heights, to transition this storied location to its next phase.”
Relocation of Arlington’s racing license
He continued: “In the meantime, we are very committed to pursuing the relocation of Arlington’s racing license to another community in the Chicagoland area or elsewhere in the state. We are exploring potential options with the state and other constituents and remain optimistic that we can find solutions that work for the state, local communities and the thousands of Illinoisans who make their living directly or indirectly from thoroughbred horse racing.
“We are committed to the Illinois thoroughbred racing industry and will consider all options in working toward opportunities for it to continue into the future.”