Racing officials approve Churchill Downs purchase of Turfway | KOB 4
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Racing officials approve Churchill Downs purchase of Turfway

October 08, 2019 04:21 PM

LEXINGTON, Ky. (AP) - The Kentucky Horse Racing Commission has approved the sale of Turfway Park to Churchill Downs.

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News outlets report the commission on Tuesday unanimously approved Churchill Downs' bid to buy Turfway Park for $46 million.

Churchill President Kevin Flanery says the purchase is a $150 million investment in Kentucky racing. That figure includes the purchase price.

Flanery says the venue will be renamed New Turfway Park and will feature a new grandstand with retractable seats for events outside of racing, a simulcast center, inner dirt track and installation of 1,500 historical racing machines.

New Turfway Park is expected to hire up to 400 full and part-time positions. It's expected to open in the summer of 2021.

Flanery says construction begins in April.

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This story has been corrected to show the commission is the Kentucky Horse Racing Commission and it approved the sale Tuesday, not Monday.

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Copyright 2019 The Associated Press. All rights reserved.

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