HUNTINGTON, W.Va. (WSAZ) – The Kentucky Horse Racing Fee has awarded the state’s ninth and closing license to Revolutionary Racing Kentucky, which designs to make investments $55 million to establish an equestrian center, including Kentucky’s 1st racetrack devoted to quarter horses in Boyd County, Kentucky.
Innovative Racing Kentucky programs to build the racing facility on 177 acres in the vicinity of Ashland.
It is envisioned to produce extra than 200 long lasting careers, in addition to the union labor that will be employed during construction. Nearly $1 million in new tax revenues are envisioned to be generated each calendar year.
The racetrack, staying made by Populous and in session with the Kentucky Quarter Horse Racing Affiliation, will attribute a 660-lawn sprint track and daily purses of $500,000, placing it among the the leading quarter horse racing tracks in the nation.
“This challenge is as considerably about economic growth as it is the quarter horse neighborhood,” claimed Larry Lucas, Chairman of Innovative Racing Kentucky. “We are pretty grateful and humbled by the confidence demonstrated by the fee and the help from the governor’s business office, the Mountain legislative caucus, Boyd County, the city of Ashland and the individuals of jap Kentucky.”
Though quarter horse racing will provide as the centerpiece of the job, designs call for yr-spherical use for quarter horse exhibits and competitions, as perfectly as an adjacent amusement elaborate.
“We are psyched to get the upcoming step in our journey to carry a entire world-class facility to Boyd County,” claimed Prentice Salter, CEO of Groundbreaking Racing Kentucky. “We will continue to operate carefully with the KHRC, our quarter horse partners and the neighborhood as we establish one thing that all Kentuckians can be proud of.”
“We have all rallied driving this task because we have an understanding of what it will suggest for our local community – from positions to tax revenues to quality of existence,” Chaney reported. “Revolutionary Racing has been a legitimate associate with us throughout this system and we glimpse ahead to them remaining aspect of our community for many decades to appear.”
Development is envisioned to start out later on this year.
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