Home of Kentucky Derby to get $11m investment

Churchill Downs Incorporated (CD) has announced that it will invest $11 million into The Mansion at Churchill Downs Racetrack – the home of The Kentucky Derby.

The investment, which is set to create a premium upscale experience on the 6th floor next to The Mansion, will provide the renovated area with picturesque views of the racetrack’s finish line and will replace the existing Millionaires Row on level 6 in time for the 2020 Kentucky Derby.

The planned upscale experience is set to cater for 350 guests and will provide a one-of-a-kind experience with offerings which include an exclusive finely-curated culinary menu and an extensive bourbon, wine and champagne service.

Kevin Flanery, President of CD Racetrack, discussed the investment: “Creating unique experiences for our guests has been the hallmark of the Kentucky Derby. This investment will provide another opportunity for us to deliver a luxurious and truly once-in-a-lifetime experience for our guests.”

The news immediately follows the announcement that CD has scheduled a $100m expansion for Miami Valley Gaming & Racing (MVG), which is set to be completed by the second quarter of 2021.

That $100m project will see the construction of a new hotel which will include 192 rooms and suites, a new full-service restaurant, coffee bar and 1,000-car parking garage. Moreover, it will also add over 10,000 square feet of gaming floor space and will include an additional 250 video lottery terminals (VLT’s) which will increase the total number of VLTs in operation at MVG to approximately 2,200. 

Bill Carstanjen, CEO of CD Incorporated, discussed the MVG expansion: “Miami Valley Gaming has been very successful since it was built in 2013, and the team has consistently driven strong growth while also being a great asset to their community. This investment will enable MVG to meet the increased demand from a broader geographical reach and enhance the guest experience with high-quality amenities.”

Regarding the investment into The Mansion at CD Racetrack, construction looks set to begin in December 2019 with plans stating that it is scheduled to be completed prior to the 146th Kentucky Derby on 2 May, 2020.