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SBD/September 2, 2011/Facilities
Churchill Downs Implements New Ticket Procedure For Kentucky Derby
Published September 2, 2011
OUT OF THE GATES: In Albany, Leigh Hornbeck notes “ambitious plans to improve Saratoga Race Course include new dorms for backstretch workers, 200 more stalls, a new, air-conditioned, three-story building at the top of the stretch; a new paddock and a new jockey house.” NYRA President & CEO Charles Hayward said that the 21 projects are "ideas only and the NYRA board has not decided which ones will be built or how much construction might cost.” NYRA is “counting on income from video lottery terminals under construction now at Aqueduct Racetrack to pay for the projects.” Current estimates “show the 4 percent share from the machines will come” to $27.5M per year. Hayward said that the plan is to “leverage the income into a bond, but NYRA must first show it is profitable -- an outcome the CEO expects in 2012.” The NYRA BOD “will not make a decision about which projects to pursue until next year and construction will not begin until after the 2013 meet” (Albany TIMES UNION, 9/2).