Fairgrounds Information
Churchill Downs is a publicly traded company and is listed on the NASDAQ National Market under the symbol CHDN
10026+Ordinance_1984-06-21.pdf
10406+Ordinance_1986-02-07.pdf
12332+Ordinance_1988_02-04.pdf
15667+Ordinance_1992-12-17.pdf
Jan 14, 2004 - AP. NEW ORLEANS - Churchill Downs has shown interest in acquiring legal claims against the Fair Grounds worth an estimated $90 million, a possible sign the Kentucky-based corporation has an interest in buying the New Orleans track, according to a published report. …
http://espn.go.com/horse/news/2004/0114/1708564.html
Feb 26, 2004 - AP. LOUISVILLE, Ky. - Churchill Downs Inc. is considering buying an abandoned Marine Corps air base in Irvine, Calif., and turning it into a racetrack. The 3700-acre abandoned base is scheduled to be auctioned later this year. Churchill Downs is expected to be among several dozen …
http://espn.go.com/horse/news/2004/0226/1744951.html
July 1, 2004 - Last week, the parent of the Kentucky Derby and the Arlington Million made a “stalking horse” opening bid of $45 million for the assets of Fair Grounds Corp., a racetrack in New Orleans seeking to emerge from Chapter 11 bankruptcy. Churchill Downs said its role in the asset auction is part of Fair Grounds’ reorganization plan.
http://www.marketwatch.com/story/churchill-downs-drops-after-profit-warning
Sep 24, 2004 - NEW ORLEANS (AP) — Churchill Downs’ $47 million purchase of the Fair Grounds Race Course was approved Friday by a federal bankruptcy judge. The Fair Grounds becomes the seventh race track in the stable of Louisville-based Churchill Downs Inc. Churchill Downs said it hoped to close the …
http://www.usatoday.com/sports/horses/2004-09-24-churchill-fairgrounds_x.htm
May 5, 2005 - Churchill has spent millions trying to get slots onto its tracks in Kentucky, Illinois and Florida but has been stymied by legislators or voters at almost every turn. It currently has the go-ahead to install one-armed bandits at a single track, Fair Grounds in New Orleans, which it acquired out of bankruptcy last year.
http://www.marketwatch.com/story/churchill-debuts-renovations-technology-for-05-derby?pagenumber=2
July 28, 2005 - Ordinance with Provisos:
http://tinyurl.com/2005-ordinance-signed
Sept. 2, 2005, 8:43 a.m. EDT
Churchill Downs eyes race dates at Harrah’s Louisiana Downs
NEW YORK (MarketWatch) — Churchill Downs said Friday that it’s exploring options to conduct part of the Fair Grounds Race Course’s 2005-2006 live race meet at Louisiana Down in Bossier City, La. …
http://www.marketwatch.com/story/story/print?guid=598F9ACB-FDA2-4759-9605-07E1B786F820
2005 and 2006 FSJNA Board Meeting Minutes about the Fairgrounds
http://tinyurl.com/2005-2006-FSJNA-Board-talks
March 14, 2006 - Among its plans for the year are another attempt at convincing Florida voters to let it install slot machines at a track it owns there, Meeker said. “Additionally, we anticipate having the answers necessary to chart a course for Fair Grounds Race Course and our other hurricane-damaged Louisiana operations.” …
http://www.marketwatch.com/story/churchill-downs-narrows-loss
2007 - Ordinance with Provisos:
http://tinyurl.com/2007-ordinance
2007 WWL-TV report about the Fairgrounds Casino
Focusing back on its plan to have slot machines, the Fair Grounds Race Course said it will ask the city for permission to have a temporary casino at the horse racing facility’s off-track betting parlor. Click below for the full story.
http://tinyurl.com/2007-WWL-TV-report
Fairgrounds Enhanced Patrol:
information, map, and contact numbers in the link below:
http://www.fsjna.org/?p=103
Click on the article above for an easier to read version. Article is from the December, 2007 Faubourg St. John Neighborhood Association newsletter by Charlie London.
2008 Bill Proposed by State Senator Murray to lower taxes on slots
http://tinyurl.com/2008-Murray-lower-slot-taxes
Churchill Downs Incorporated, FTBOA Reach Slots Agreement at Calder Race Course
Wed Sep 10, 2008 5:46pm EDT
LOUISVILLE, Ky.–(Business Wire)–
Officials of Churchill Downs Incorporated (”Company” or “CDI”)
(NASDAQ: CHDN) and representatives of the Florida Thoroughbred
Breeders’ Association, Inc. d/b/a the Florida Thoroughbred Breeders’
and Owners’ Association (”FTBOA”) have come to agreement on a slots
contract for when Calder Race Course (”Calder”) begins slots
operations on a yet-to-be-determined date.
Under the terms of the slots agreement, Florida breeders would
receive 0.75 percent of slot revenue for the duration of the
agreement, which has an initial ten-year term. The Company previously
reached an agreement with the Florida Horsemen’s Benevolent and
Protective Association (”FHBPA”) on a 2008 purse contract at Calder
Race Course and on a slots contract, which also has a ten-year term.
“The agreements we have signed with the FHBPA and the FTBOA allow
us to focus on finalizing our plans for the construction and operation
of a slots facility at Calder Race Course,” said Kevin Flanery, senior
vice president of Churchill Downs Incorporated, Calder’s parent
company. “CDI has invested millions in the efforts to approve
alternative gaming in Florida, including $3.1 million for the 2008
referendum in Miami-Dade County.
“As we have previously noted, CDI plans to invest tens of millions
of dollars in the construction and operation of a slots facility at
Calder, which we believe will benefit the horse industry. We estimate
at this time that horsemen and breeders should realize approximately
$50 million, potentially, from our efforts over the term of the
agreement.”…
Churchill Downs Incorporated
Kevin Flanery, 502-636-4859
kevin.flanery@kyderby.com
http://www.reuters.com/article/pressRelease/idUS235853+10-Sep-2008+BW20080910
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July 29, 2009 5:27 PM EDT
Churchill Downs Incorporated (NASDAQ: CHDN) reports Q2 EPS of $2.20, 8 cents better than the analyst estimate of $2.12. Revenue for the quarter was $180 million, versus the consensus of $181.95 million.
http://www.streetinsider.com/Earnings/Churchill+Downs+%28CHDN%29+Reports+Q2+EPS+of+%242.20%2C+Beats+by+8c/4829147.html
Fairgrounds Citizen Advisory Committee Members
http://tinyurl.com/fairgrounds-committee-members
August 4, 2009 Fairgrounds Citizen Advisory Committee Minutes
2009Aug4-executive-summary.pdf
Click below to see all the details of the August 4, 2009 Fairgrounds Citizen Advisory Committee Meeting Minutes
http://www.fsjna.org/wp-content/uploads/2009/09/FGCAC_Minutes_2009Aug4.pdf
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September, 2009
Neighborhood Groups Meet to Discuss Fairgrounds Proposed Changes
2009-September-Groups-Meet.pdf
For all the info on the September, 2009 meeting with neighborhood groups, click below:
http://tinyurl.com/3-group-meeting
September, 2009 meeting sign-in sheet
http://tinyurl.com/mk5fyo
September, 2009 comments from meeting attendees
http://tinyurl.com/lxbw2l
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Sept. 10, 2009 WWL-TV report about the Fairgrounds Casino
Members of three neighborhood associations near the Fairgrounds met to sound off on what they say are plans for the venue to expand its hours of operation for slot machines. Click below for the full story:
http://tinyurl.com/2009-WWL-TV-report
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Fairgrounds Fencing and Foliage along Fortin
This video shows that the Fairgrounds replaced the chain link fencing along Fortin Street with better fencing and planted foliage inside the fence. Both items were part of the provisos in the ordinance allowing the Fairgrounds to operate slot machines at the horse racing track. Video taken September 12, 2009 at 3 p.m. by Charlie London
You can read more about Churchill Downs slot machine facilities here, in Louisville, KY and Miami, FL. Click below:
http://www.fsjna.org/wp-content/uploads/2009/09/Fairgrounds_Slots2.pdf
Nov. 12, 2009:
Churchill Downs Buys YouBet.com
PRLog (Press Release) – Nov 17, 2009 – An investigation on behalf of current in Youbet.com, Inc. (Public, NASDAQ:UBET), who purchased the shares before November 11, 2009, over potential breaches of fiduciary duty and other violations of state law in connection with an alleged unfair takeover price was announced.
http://www.prlog.org/10415998-youbetcom-inc-board-under-investigation.html
Jan. 17,2010:
Neighborhood_Appreciation_Day.pdf
Click above for a PDF of the press release from the Fair Grounds.
The article below is from the Dec, 2009 Desaix
Neighborhood Association newsletter received Jan 1, 2010 via email:

CLICK HERE or on the article above for an easier to read copy.
Jan 21,2010
Louisville TV station reports on neighborhood light intrusion
Churchill Downs Neighbors Concerned….
by Amy Stallings
Posted on January 21, 2010 at 8:44 AM
(WHAS11)–Despite concerns from residents about the bright lights that light up the track for “Downs After Dark,” Churchill Downs said night racing will continue as planned.
The Louisville Metro Development Review Committee approved a permanent lighting plan for the Downs by a unanimous vote Wednesday.
Some neighbors who live near the track said it’s not just the lights that are bothersome, but they said they are concerned with safety issues as well.
“People leaving the track who are drunk that don’t know where their cars and are lost and just walking around and yelling and screaming in the neighborhood ‘hey, where’s my car? do you know where i parked?’” Kim Wirth, secretary of Lucky Horseshoe Neighborhood Association, said.
Six night racing dates are scheduled this year after nearly 90,000 people attended three “Downs After Dark” sessions last spring and Churchill Downs said they are working on directional lighting to minimize the impact on the neighborhood..
February 20, 2010
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Title image courtesy Jane Hill.
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