The Kentucky Derby Museum announced renovation plans Nov. 2, an action necessitated by damage from a flood in Louisville, Ky., three months ago. The Museum is located on the grounds of Churchill Downs.
The renovation, which began Nov. 1, will take place over the next six months and cover the two floors of exhibit space. Nearly every exhibit in the museum will be affected by the re-design project. The Museum has been closed since the flooding Aug. 4. Every exhibit on the main floor of the museum was affected in some way by water damage.
The renovation is expected to cost $5.5 million, with a projected date for the museum to reopen to the public of April 18, 2010. Insurance will cover approximately $1 million of the renovation in replacement costs of like-kind exhibits. Several grants will be sought in addition to other fundraising efforts.
The overall size of the museum will not be expanded but several walls inside will be altered, opening the facility and creating more square footage for exhibit space. Several new themes will be explored in the exhibits, including celebrity attendance, the infield experience, fashion, and a deeper look into the life of the horse from foal to Derby contender.