Churchill Downs Unveils Plans for $900 Million Worth of Future Racecourse Developments
Over fifteen decades in, Churchill Downs shows no signs of slowing down, committed to "uplifting and expanding the Kentucky Derby experience." Their newest endeavor involves a massive three-year, $900 million project targeting three key areas of the Louisville racetrack: The Skye Reconstruction and Expansion Project, the Conservatory Project, and the Infield General Admission Project.
Mike Anderson, Churchill Downs Racetrack president, shares their enthusiasm, saying, "We're thrilled to see growth here at Churchill Downs. We've managed to maintain steady revenue and earnings growth while preserving the traditions of the almost 150-year-old Kentucky Derby, the prestigious two-minute sporting event."
This ambitious renovation is set to transform various parts of the venue, touching on numerous areas with enhanced seating, improved views, and enticing additions. The scope of the projects is extensive, incorporating an array of innovative and historical elements. And it's all set to be completed ahead of the landmark 150th Kentucky Derby in 2024.
That's not to mention the frontside of the track, which is already undergoing significant upgrades and constructions. The empty space between the Clubhouse building and the First Turn Club will be filled by the Skye Project, completing the track's "smile."
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This project will transform 11,500 existing uncovered box seats and dated dining areas into 13,300 seating spots, boasting premium hospitality experiences and track views. The Skye Terrace is also in for a revamp, with a five-story structure replacing the existing one, ready for the 2027 Kentucky Derby, followed by the final two floors the following year.
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The track's frontside, with its blend of new and old engineering marvels, will soon be teeming with life. The Infield General Admission Project, for instance, aims to provide superior amenities for general admission guests by constructing three permanent buildings. These structures will provide rooftop viewing and a plethora of ticket upgrade options.
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By the 152nd Kentucky Derby, the first building will welcome spectators, followed by the second in 2027 and the final one in 2028. Meanwhile, the Conservatory Project targets improving the infield lining the homestretch, replacing temporary suites with 7,000 premium experiences, including 36 suites.
First Turn Club. The project will replace 11,500 existing uncovered box seats and dated dining areas with 13,300 seats as part of a premium hospitality experience with track views and new amenities. The existing Skye Terrace will be replaced with a five-story structure meant to transform the Clubhouse turn. The first three floors of the new building are expected to be open in May 2027, with the final two floors ready for 2028.
The infield will host new structures by the 152nd Kentucky Derby, with more facilities being added in subsequent years. Anderson emphasizes that these renovations cater to customer demand, ensuring a complete range of Kentucky Derby experiences to cater to different tastes and preferences.
Anderson adds: "Our customers drive the changes we make to the facility year after year. Our suites for the 2025 race sold out in July 2024. The price for entry-level infield admission remains reasonable, offering an affordable all-day festival experience."
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In essence, Churchill Downs is committed to tirelessly refining its Derby experience, investing heavily in upgrades that cater to guest comfort and preferences while maintaining its rich heritage.
- The conservation of Churchill Downs' tradition is evident in Mike Anderson's statement, as he mentions preserving the almost 150-year-old Kentucky Derby while still aiming for steady revenue growth through the racetrack's various projects, such as the Infield General Admission Project that provides superior amenities.
- To further enhance the Kentucky Derby experience, the Skye Reconstruction and Expansion Project includes preloading resources and creating elements like the five-story Skye Terrace structure, set to be completed ahead of the 150th Kentucky Derby in 2024.
- With the goal of providing a premium experience during the Kentucky Derby infield, the Infield General Admission Project calls for the creation of three permanent buildings, which will include newsletter_signup_article opportunities for guests alongside rooftop viewing and ticket upgrade options.