The purpose of a large -scale renovation project in Churchill Downs was to be unveiled by the 2028 Kentkey Derby, the implemented tariff and the related economic uncertainty is gate into the padock.
According to Churchill Down Ink, the announcement of planned renewal of only $ 1 billion two months ago can be resumed on the stabilization of federal officers and costs.
Track officials said the stagnation was “due to the construction costs related to tariffs and trade disputes, as well as the uncertainty related to the current macro-economic situations,” but would not affect the 2025 Kentki darby on 3 May.
Churchill Down Ink said in a statement, “The decision to stop Sky Terrace and Infield projects was a difficult for us because we do not want to disappoint our fans; however, our responsibility is to be disciplined in view of recent changes in the economic environment.” “We are committed to enhance our prestigious flagship property in the long term with projects that will provide new life experiences for our guests and provide the best-in-class shareholder returns.”
Churchill Downs plans to continue renewal in the finish line suites and trophy room at an excerpt of the estimated cost of the planned overhaul, which was expected to carry a cost of over $ 930 million. That facelift was to include permanent infield seating and radical changes in multi-level sky terraces.
The secondary project to ahead can be completed before the 2026 Kentaki Derby.
-Bield level media
