Plans Announced to Relocate Lebanon Raceway
by Blood-Horse Staff
Date Posted: 7/26/2012 6:46:10 PM
Last Updated: 7/27/2012 7:51:42 AM
Miami Valley Gaming & Racing LLC, a joint venture of Delaware North Gaming & Entertainment and Churchill Downs Inc., announced July 26 that it intends to relocate harness track Lebanon Raceway in Ohio and install video lottery terminals at the new facility.
The company said it has filed applications for plans to move the facility to a site near I-75 in southwest Ohio. When Delaware North and Churchill Downs announced formation of Miami Valley Gaming March 1, they said they wanted to install up to 2,500 VLTs with a new harness track.
"Miami Valley Gaming & Racing is one step closer to building a new, world-class entertainment venue in southwest Ohio," the company said in a statement. "We are pleased to be working with the State of Ohio’s oversight commissions on this project that will employ 1,000 construction workers in the short-term, create 700 permanent jobs in the long-run, and infuse $24 million into the local economy.
“Our applications to the Ohio State Racing Commission and the Ohio Lottery Commission will be thoroughly reviewed in the coming weeks. We will provide additional details about the project after the review is complete.”
In addition to the $50 million video lottery terminal license fee, Miami Valley Gaming & Racing will invest approximately $175 million in the new facility, the company said.
Copyright © 2014 The Blood-Horse, Inc. All Rights Reserved.