The Kentucky Horse Racing Commission has officially approved Churchill Downs’ bid to purchase Turfway Park in Northern Kentucky.
The $46 million deal was unanimously approved by the commission Tuesday in Lexington.
Churchill Downs is planning to tear down the existing grandstand to build a new revitalized Turfway Park.
The total cost of the plan is expected to be around $150 million.
The transformation of the 200-acre property will begin in April and they hope to have it open by 2021.