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The Stronach Group To Lease, Operate Racing At Calder Race Course

Churchill Downs Inc. today announced that it has entered into a binding term sheet with The Stronach Group to operate live racing and maintain facilities at Calder Race Course in Miami Gardens, Fla. TSG at Calder will run the minimum number of race days required by Florida law while also running live racing the rest of the year at Gulfstream Park. The arrangement will be in effect through '20. It includes the lease of Calder's racetrack to TSG, with the transaction expected to be completed by June 30 (CDI).

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