Kentucky Dereby

“Price Hors”, the original “of the” roses “in Kentucky Derby on Saturday in Churchill Downs, Kentucky. However, the renewal of facilities valued at about one billion dollars in the race track that hosts “more exciting minutes in sport” is currently hanging.

Churchill Download Inc. revealed. On huge capital projects about 10 weeks ago, they were aimed at “strengthening and expanding” certain areas of Kentucky Derby Racing Traffic For several years. Collectively, the projects amounted to up to 920 million dollars.

Under the plans, the company wanted to install 13300 seats and new “excellent hospitality experiences” in the 11500 -seat area after the finish line through “First Turn Club” in addition to building the larger and larger sky balcony.

It was also aimed at adding “new permanent structures” in distinguished ticket holders as part of capital projects. Three of the permanent buildings of the General Admission Department of The Infield also were planned.

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Then, last week, Churchill Downs said it had made the decision to stop these projects temporarily.

“The decision to delay these construction projects is due to the increase in the uncertainty surrounding the costs of construction related to tariffs and trade, as well as The current total economic conditions “,” The company said at the time.

president Donald Trump A tariff has imposed an import against many countries since it took office, including mutual definitions. Some industry fees, such as one for aluminum and the next steel to the United States from other countries.

Executive President Bill Carkentine told analysts and investors during the company’s profit call last week that “a lot has changed” since the unveiled of those projects that were now delivered, including “danger from Large enlargement, Partially driven by the new definitions that the United States intends to draw on products from almost every country in the world. “

The definitions “created the unexpected and unexpected cost currently (increases) in most materials.”

Churchill Downs will evaluate the advanced economic scene and evaluate any changes to the timing and sequence of these multi -year projects in the coming months, according to the company.

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Caristin said that the company “is still” completely committed to the development of Kentucky Dereby, through the wise time of capital investments in the long run.

He also said that a temporary stop “an opportunity to reconsider and ensure that we offer better products and overcome our customers ‘expectations, as well as to our shareholders’ expectations.”

index	protection	last	Changing	% Change
CHDN	Churchill Downs.	93.23	+2.28	+2.51 %

“When the total environment concerns are better understood, we will move forward with deliberate decisions about the best ways to invest capital amounts in this iconic assets,” added Caristin.

Although the renewal of nearly a billion dollars was temporarily stopped, this does not mean that Churchill Downs is rising in capital projects for the race to race completely.

Meanwhile, it announced the temporary seizure of projects worth about one billion dollars, as Churchill Downs revealed planned renovations of the finish line and the cup and frankness room, all known from the race track.

This re -formation will cost $ 25 million to $ 30 million, according to the company.

Churchill Downs has hosted Kentucky Derby since 1875, when the first state of the race occurred.

This year’s race, the first series of the Triple Crown series, will celebrate running 151. The press, sovereignty, Sanddman and Bingham are among some horses that work, according to Churchill Downs.

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Kentucky Derby Nima Local economy Every year, with Kentucky’s Ministry of Agriculture approaching the economic impact of last year’s race at $ 400 million.