The Churchill Downs horseracing complex was founded in 1875 and was named after a prominent Kentucky resident, Samuel Churchill. William Carstanjen is the company’s current CEO.
Throughout its long history, the company has evolved to offer other forms of entertainment along with thoroughbred racing. In 2010, the corporation hosted the inaugural HullabaLOU Music Festival. CDI has also opened its grounds to state fairs, band concerts and automobile races during its 149-year history.
CDI recently completed its sale of a 326-acre property in Arlington Heights, Illinois to the Chicago Bears. Per the previously announced agreement from September 2021, the final purchase total came to $197.2m.
CDI said that it will “apply the proceeds of the sale to the purchase of, and improvements to, real property previously acquired in connection with the Peninsula Pacific Gaming acquisition that closed in 2022.”
In honor of its upcoming 150th anniversary, Churchill Downs Racetrack recently released details for the 150th Run for the Roses, which includes a yearlong celebration in honor of the upcoming 2024 race.
The Kentucky Derby began in 1875 and is known nationwide as the longest continually run US sporting event.
Churchill Downs said it plans to add more social areas, as well as another 3,600 new seats and 3,250 new standing room tickets. The plans also include enhancements to Twin Spires that will give horseracing fans access to additional vantage points.
The Paddock will undergo a $200m renovation that will expand its walking ring or the horses. Churchill Downs said it plans to more than double the Paddock’s current size.
