Churchill Downs Acquires Ellis Park in $79 Million Deal, Plans Major Renovation
The iconic Churchill Downs is bolstering its Kentucky equine racing dominion. Their latest acquisition, the storied Ellis Park, renowned for its summertime thoroughbred competitions, was secured for a cool $79 million. This move transcends a simple purchase; it represents a comprehensive rejuvenation endeavor. Churchill Downs intends to bestow upon Ellis Park a significant makeover, enhancing the racing infrastructure and even constructing a novel entertainment destination in the heart of Owensboro. Envision 600 cutting-edge historical racing terminals, a simulcasting hub, and an array of culinary choices. This ambitious undertaking, carrying a $75 million price tag, has generated widespread enthusiasm, from the state’s chief executive to ardent racing aficionados. Churchill Downs, already a titan within the industry, is strategically positioned to elevate Ellis Park into a shining gem of Kentucky racing.
Our group is thrilled to initiate a summer gathering at The Pea Patch. The goal is to provide Kentucky equines and their conditioners with increased incentives to remain local, while simultaneously attracting the top-ranked horses nationwide to the Bluegrass State throughout July and August.
This financial commitment will ensure that Kentucky boasts the nation’s premier year-round racing circuit, generating employment opportunities across the area. Churchill Downs is an outstanding community collaborator, and we are pleased to join forces with them on this endeavor.
