New partners, first week of races approved for eastern Kentucky horse track

BOYD COUNTY, Ky. (WSAZ) – The Kentucky Horse Racing Fee voted unanimously Monday to approve new companions within the racetrack and equestrian middle set to be in-built jap Kentucky.

The Jap Band of Cherokee Indians will function a monetary companion to Revolutionary Racing Kentucky, whereas Keeneland Affiliation can even be a companion.

Commissioners additionally gave the inexperienced gentle to the group’s first week of quarter horse races, set for April 1-6, 2023.

Groundbreaking ceremony held for brand new horse racing facility in Ashland

The races will happen at The Crimson Mile in Lexington, whereas the brand new Boyd County observe is below development.

“We admire the assist the KHRC has proven for this undertaking all through this course of,” stated Larry Lucas, Chairman of Revolutionary Racing Kentucky. “We’re excited to welcome our new companions and much more excited concerning the constructive affect we will make in jap Kentucky.”

Revolutionary Racing Kentucky will make investments $55 million to construct the quarter horse observe, equestrian middle and leisure complicated in Ashland, Kentucky.

Along with tons of of union development jobs, it’s anticipated to create greater than 200 full-time positions. Working year-round with exhibits and competitions, it’s projected to generate almost $1 million in new annual tax revenues.

Serving as Kentucky’s solely observe devoted to quarter horses, it’s going to function a 660-yard dash observe and day by day purses of as much as $500,000, inserting it among the many nation’s main quarter horse tracks.

Plans name for the observe to host its first race in 2024.

The Jap Band of Cherokee Indians will make their funding by means of EBCI Holdings, a business gaming entity created in December 2020 to diversify the North Carolina-based tribe’s financial pursuits. Among the many group’s holdings are casinos, in addition to a gaming expertise incubator.

“We couldn’t have discovered a greater group to companion with or a greater undertaking to assist,” stated Richard Sneed, Principal Chief of the Jap Band of Cherokee Indians. “We have now a long-term dedication to neighborhood reinvestment and offering best-in-class leisure choices to underserved markets. This world-class undertaking aligns completely with that dedication.”

Since 2014, Keeneland has additionally partnered with The Crimson Mile on their historic horse racing facility in Lexington.

“Keeneland is worked up to companion with Revolutionary Racing Kentucky on this initiative, which continues our mission to strengthen the state’s very important horse business,” Keeneland President and CEO Shannon Arvin stated. “Moreover, this undertaking will positively affect the local people and stimulate financial development within the area.”

Revolutionary Racing Kentucky was awarded the commonwealth’s ninth and ultimate horse racing license in July. Monday’s approval marks the primary time in historical past that each one 9 license holders have been awarded race dates. The group’s preliminary races at The Crimson Mile – that are supported by the American Quarter Horse Affiliation – marks the return of quarter horse racing there for the primary time in additional than a decade.

Final week, Gov. Andy Beshear joined dozens of state and native leaders in a groundbreaking ceremony for the observe, which he stated “will assist construct the way forward for horse racing in Kentucky, and it’ll create nice jobs for our folks in Ashland, including much more financial momentum to what the commonwealth is seeing as an entire.”

For earlier protection >>> CLICK HERE.

Building of recent horse racing facility in Boyd Co. anticipated to start later this 12 months

Maintain checking the WSAZ app for the newest data.

Copyright 2022 WSAZ. All rights reserved.