Churchill Downs Incorporated weighing up Arlington International Racecourse proposals

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In the American state of Illinois as well as Churchill Downs Incorporated has actually reportedly revealed that it is now thinking about multiple bids for its up-for-sale Arlington International Racecourse center.

According to a Wednesday record from the Chicago Sun-Times paper, the racing-turned-gambling firm positioned the historical horseracing track on the marketplace in February after earlier exposing that it would not be looking for permission to transform the 93-year-old residential property into one of the state’s new racinos. The resource outlined that this coming before relocation outraged many that thought that the Kentucky-based proprietor had broken a pledge in an attempt to suppress competitors for its nearby Rivers Gambling establishment Des Plaines location.

Secretive option:

The newspaper reported that Churchill Downs Incorporated ended its bidding period for the rural Chicago horseracing enterprise on Tuesday and also was just prepared to confess that it was now considering ‘strong propositions from various events.’ The Louisville-headquartered owner allegedly later took place to articulate that it will certainly ‘provide an update on the sale procedure at the appropriate time in the coming weeks.’

Gridiron grab:

Nonetheless, the mayor for the one-mile oval’s host community of Arlington Heights, Thomas Hayes, allegedly statedthat he had held earlier meetings with ‘less than 10’ prospective buyers. When quizzed about the rumored prospect of the Chicago Bears franchise of the National Football League (NFL) acquiring the 326-acre site in order to build a replacement for its 61,500-seat Soldier Area stadium, the papa of two allegedly proclaimed that this ‘remains a possibility because neither they neither any person else has informed me it’s not mosting likely to happen.’

Hayes supposedly mentioned …

“Until somebody tells me that, I’m going to consider it on the table. A specialist sports group would be interesting. Even if they were to find, you would certainly see a few other redevelopment leads too.”

Acknowledged runner:

The Chicago Sun-Times reported that only one of the events associated with the Arlington International Racecourse bidding procedure has actually up until now made its passion public. This entity is allegedly headed by the Cook County track’s previous employer, Roy Arnold, that is stated to have asserted that his consortium intends to transform the ageing home into a racino ‘consistent with the intent‘ of Illinois’ betting development strategies while maintaining the horses running well into the future.

Praiseworthy plan:

Although he has continually refused to disclose the monetary aspects of the bid he is fronting, Arnold did apparently reveal that he would like to bring an entertainment district and a 300-unit housing growth to the site of Arlington International Racecourse along with 60 acres of commercial area and also a mid-size sector ‘ideal to organize a minor league hockey group.’

Apparently review a declaration from Arnold …

We have the funding and the enthusiasm to make pureblood racing work at Arlington International Racecourse. We expect continuing the tradition that is Arlington.”