Terre Haute On line casino Groundbreaking Nears After Rezoning Permitted

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Posted on: March 6, 2022, 09:29h. 

Final up to date on: March 6, 2022, 09:29h.

A few key steps have been taken this previous week as officers in Terre Haute, Ind., signed off on adjustments Churchill Downs Inc. made to its deliberate on line casino within the west central Indiana metropolis.

Queen of Terre Haute
A rendering of the Queen of Terre Haute On line casino that Churchill Downs Inc. plans to construct within the Indiana metropolis. Final week, the Terre Haute Metropolis Council accepted a zoning change request by the corporate that can enable it to construct the on line casino undertaking on the town’s east facet. (Picture: Churchill Downs Inc.)

On Thursday, the Terre Haute Metropolis Council voted to approve a zoning change to roughly 50 acres of property in town’s east facet. Rezoning the property Churchill Downs intends to purchase from agricultural to industrial was crucial to ensure that the Louisville-based gaming firm to construct the Queen of Terre Haute, a $240 million on line casino and lodge that’s anticipated to accommodate 1,000 slot machines and 50 desk video games.

When the Indiana Gaming Fee first chosen CDI to construct the on line casino in November, the corporate proposed constructing its on line casino on the south facet of Terre Haute. The three different firms that sought the license proposed developments on the town’s east facet, the place there’s extra land out there and metropolis leaders had indicated as their desire.

Throughout its presentation to the IGC, CEO Invoice Carstanjen mentioned the corporate would think about taking a look at different websites. Final month, Churchill Downs introduced it discovered a location with frontage on Interstate 70.

Whereas it’s solely a few miles away from the preliminary website, all concerned within the course of hope the brand new location will assist draw extra individuals from the western half of the Indianapolis metropolitan space, Indiana’s largest metropolis situated about an hour east of Terre Haute.

Churchill Downs is on the agenda for Tuesday’s IGC assembly in Indianapolis to debate the Terre Haute on line casino undertaking. The fee has mentioned it helps the corporate’s plan to safe state and native approval for the adjustments concurrently.

Different Approvals Nonetheless Wanted

Even when the fee approves the adjustments at Tuesday’s assembly, it doesn’t imply every thing might be lined up for a groundbreaking simply but. A Board of Zoning Appeals listening to that was set for final week was canceled for lack of a quorum. Churchill Downs was set to ask that group for approval to construct a 150-foot construction in an space the place constructing heights are restricted to 125 toes.

The board is predicted to take up the variance proposal maybe as quickly as later this month.

One other problem that can want approval is the Federal Aviation Administration approving the undertaking due to its proximity to the town’s airport. Ryan Jordan, senior vice chairman of actual property improvement for Churchill Downs, mentioned that ought to be accepted by a while in Might.

It’ll be just a few weeks to get ready and mobilized for groundbreaking, and hopefully, early summer time is after we’ll have the ability to (begin) building,” Jordan mentioned after the town council assembly.

Carstanjen informed funding analysts in late February that the corporate expects the on line casino to open in late 2023.

Churchill Downs Shopping for, Promoting, and Constructing

The Terre Haute on line casino is considered one of a number of irons within the fireplace for Churchill Downs. It has building initiatives underway at its namesake observe in Louisville, Turfway Park in northern Kentucky, and Rivers Des Plaines simply exterior of Chicago. It’s additionally within the technique of promoting Arlington Park in Illinois and a big parcel of land at its Calder On line casino in Florida.

The corporate additionally simply introduced a serious acquisition of almost all Peninsula Pacific Leisure (P2E) properties and initiatives. The almost $2.5 billion deal provides Churchill Downs casinos in New York and Iowa and the rights to construct one in Virginia. The acquisition, scheduled to shut by yr’s finish, additionally tremendously expands the corporate’s footprint in historic horse racing.



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