Arlington Park put up for sale by Churchill Downs Inc.

Churchill Downs Incorporated announced on Tuesday that the company has launched a process to sell the 326 acres in Arlington  Heights, Illinois that are currently the home of Arlington International Racecourse (“Arlington”). CBRE  will bring the redevelopment opportunity to market on behalf of CDI.

The Company is committed to running Arlington’s 2021 race dates from April 30 – September 25. The  Company does not expect any sale of the Arlington site to close prior to the conclusion of Arlington’s  2021 race meet or that the conduct of the sale process will impact Arlington’s racing operations this year.

“Arlington’s ideal location in Chicago’s northwest suburbs, together with direct access to downtown  Chicago via an on-site Metra rail station, presents a unique redevelopment opportunity. We expect to see  robust interest in the site and look forward to working with potential buyers, in collaboration with the  Village of Arlington Heights, to transition this storied location to its next phase,” said Bill Carstanjen,  CEO of CDI. “In the meantime, we are very committed to pursuing the relocation of Arlington’s racing license to another community in the Chicagoland area or elsewhere in the state.

"We are exploring  potential options with the State and other constituents and remain optimistic that we can find solutions  that work for the State, local communities and the thousands of Illinoisans who make their living directly  or indirectly from thoroughbred horse racing. We are committed to the Illinois thoroughbred racing  industry and will consider all options in working toward opportunities for it to continue into the future.”