Churchill downs to invest $300 million in new stadium seating, a hotel and hrm facility

Churchill downs incorporated announced plans to invest $300 million to build a hotel and historical racing machine facility and permanent stadium seating at churchill downs racetrack, the home of the kentucky derby. pending final approval of a kentucky tourism development act incentive, construction would begin in december 2019 and is targeted to be completed in november 2021. the development will transform the area alongside the track at the first turn providing unparalleled vip guest experiences. the new 156-room 7-story one-of-a-kind hotel will provide a spectacular new opportunity to celebrate with a variety of once-in-a-lifetime guest experiences. features include; first floor grand entry into the hotel and a 900-machine hrm gaming floor, sports bar, vip lounge and multiple year-round dining venues that will also provide new hospitality for 3,400 guests in existing section 111 of the racetrack for kentucky derby and oaks, second floor 27,000-square-foot ballroom and adjacent party deck with a tiered covered balcony facing the track with collective capacity for more than 1,700 guests6th floors to include 156 total hotel rooms of the following types; 92 trackside suites with private balconies, covered panoramic views and 12 access passes per suite for entertaining guests during the race day,  60 suites that will offer 8 access passes to the 2nd floor party deck,  4 track-facing presidential suites with private balconies for entertaining up to 20 guests at the derby that will offer the ultimate and most exclusive guest experience, 7th floor penthouse banquet area for 320 guests with balconies that stretch the length of the building and permanent outdoor stadium seating for 4,700 guests as well as all-inclusive hospitality that will replace 3,300 temporary grandstand seats.
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