pull down to refresh

Churchill Downs Pauses 9,262 BTC Racetrack Projects due to Tariffswww.enr.com/articles/60679-citing-tariffs-churchill-downs-pauses-900m-in-racetrack-construction-projects
250 sats \ 5 comments \ @BlokchainB 19h Stacker_Sports
USD/BTC = $98,112 Block 895,732
The home of the Kentucky Derby will have to wait till it can start its upgrades.
Noting rising construction costs related to tariffs, Churchill Downs Inc. (CDI), home of the Kentucky Derby, is pausing a multiyear, roughly $900-million construction project it had proposed as the largest renovation and expansion in the race track’s 150-year history.
write
preview
related posts
73 sats \ 2 replies \ @grayruby 19h
I didn't know they were planning to redevelop it. Were they expanding?
reply
50 sats \ 1 reply \ @BlokchainB OP 19h
The $900-million work that CDI is pausing covers between $455 to $465-million to rebuild and expand The Skye Terrace, which would include replacement of 11,500 existing seats with 13,300 seats; $320- to $330-million for replacement of infield seats at the Conservatory; $60- to $70-million for replacing temporary buildings with permanent buildings for infield general admission and $45- to $55-million in infrastructure work.
reply
45 sats \ 0 replies \ @grayruby 19h
Cool. I would love to check a race out there someday.
reply
52 sats \ 1 reply \ @Jerrian 18h
When even Churchill Downs hits the brakes on a $900M legacy project, it’s a flashing red signal about just how brutal rising construction costs and tariffs have become. If the home of American horse racing can’t justify building during a milestone anniversary, what does that say for the rest of the industry? Inflation isn’t just touching consumers it’s kneecapping iconic institutions mid-stride.
reply
0 sats \ 0 replies \ @BlokchainB OP 18h
Yeah I think the pain will be short term. Projects might need to phase and trim scope to make progress.
reply