Churchill Downs Announces $5.6m Investment In Turfway Park

Churchill Downs Incorporated, a gaming, racing and online entertainment company, has outlined an estimated $5.6 m investment at Turfway Park which will form one component of a significant investment in the organisation.

In October 2019, CDI bought Turfway for $46 m from Jack Ohio, a subsidiary of Jack Entertainment, and Hard Rock International, and promptly dropped plans to build a new $200 m thoroughbred racing complex in Northern Kentucky,the New Latonia Racing and Gaming.

The proposed £ 5.6 m investment will replace the existing track with a new synthetic Tapeta track, which is praised as one of the leading racing and training surfaces in the world.

It will also become only the third track in the U.S. to use the surface, joining Pennsylvania CDI-owned Presque Isle Downs. Removal and installation is scheduled to begin on Saturday, March 28, with completion planned for the 2020′ Holiday Meet’ starting on December 2.

The works form one aspect of CDI’s investment that will make way for the construction of Turfway Park Racing and Gaming, is a live and historic state-of-the art thoroughbred racing facility costing up to $150 m.

Jan Wakefield, vice president of Tapeta Footings said: “The Tapeta team are all delighted to have been chosen to install a Tapeta surface at Turfway Park. We look forward to working with CDI and can only applaud them for a huge commitment in upgrading the entire facility. It is a huge boost for Northern Kentucky and comes at a welcome time for the racing industry.”

Turfway’s expansion is expected to support up to 400 new full and part-time equivalent positions and generate an additional 800 direct construction jobs. The project will include a historic racing machine facility with up to 1,500 machines and new state-of – the-art clubhouse, as well as food / beverage spaces.

Kevin Flanery, president of Churchill Downs Racetrack and Turfway Park added: “The agreement with Tapeta is the first of many exciting initiatives to come for Turfway. By partnering with Tapeta to provide the safest racing conditions for Turfway’s winter meets, we will be able to deliver one of the key elements supporting our goal of bringing a first-class racing product to Northern Kentucky.”