Churchill Downs Announces $300 Million “Victory Run” Renovation for 2028 Kentucky Derby

Churchill Downs has unveiled a major new construction project. The historic racetrack will build a luxury suite complex called “Victory Run.” This final piece of a long-term renovation plan is scheduled for completion by the 2028 Kentucky Derby.

The project represents a significant investment in the fan experience. It will replace the last remaining uncovered box seats at the famous Louisville venue.

Project Details and Financial Scope

The new four-story structure will connect the first turn to the Skye Terrace. According to Reuters, the project carries a budget between $280 and $300 million. This investment will transform a key viewing area of the track.

The renovation will directly increase track capacity. It will remove 6,400 existing seats. Those will be replaced with 7,800 new premium seats and luxury suites.

A Scaled-Back Vision from Original Plans

This newly announced plan is much smaller than a previous proposal. An initial $1 billion renovation plan was announced in February but was later put on hold. That earlier, more ambitious project faced economic uncertainties.

The current “Victory Run” project focuses solely on premium seating. It avoids the extensive infield renovations proposed in the earlier plan. This scaled-back approach allows Churchill Downs to maximize revenue from its most profitable event.

The “Victory Run” project solidifies Churchill Downs’s commitment to modernizing its flagship facility. This strategic $300 million investment ensures the Kentucky Derby remains a premier global sporting event for years to come.

Thought you’d like to know-

When will the Churchill Downs “Victory Run” be completed?

The “Victory Run” renovation is scheduled for completion by the 2028 Kentucky Derby. Construction will take place over the next few years. The project is the final phase of major track upgrades.

How much will the new Churchill Downs renovation cost?

The project budget is estimated between $280 and $300 million. This is a significant capital investment by Churchill Downs Incorporated. The funds will be used for the new luxury suite structure.

Will the renovation increase Kentucky Derby seating capacity?

Yes, the project will increase the number of premium seats. It replaces 6,400 old seats with 7,800 new premium seats and suites. This provides a net gain in capacity for the event.

What is the main goal of the “Victory Run” project?

The main goal is to enhance the premium guest experience. It replaces the last uncovered box seats with modern luxury suites. This also increases high-revenue seating for the track’s biggest event.

Why was the previous billion-dollar renovation plan canceled?

The earlier plan was paused due to economic uncertainty. Factors like potential tariffs influenced the decision. The track opted for this more focused renovation instead.