Churchill Downs Incorporated (CDI) is going all in on a massive expansion for its legendary racetrack in Louisville. With a $920 million investment, the company aims to redefine the Kentucky Derby experience by 2028. From upgraded seating to high-end hospitality, this ambitious overhaul is set to make history—just in time for the 154th Run for the Roses.
A Record-Breaking Bet on the Future
Fresh off the success of the 150th Kentucky Derby, which brought in an estimated $434 million in economic impact, CDI isn’t wasting time capitalizing on momentum. The planned renovations will be rolled out in phases from 2025 to 2028, with the first steps hinging on approval of financial incentives from local and state authorities.
In 2025 alone, the company plans to pour $130 million into the upgrades. This is more than just a facelift—it’s a strategic play to secure the long-term growth of the Derby and cement Churchill Downs as a world-class venue for racing and entertainment.
The Skye Project: Elevating the Derby Experience
One of the biggest changes will be the transformation of the Skye Terrace into a five-story luxury structure. The Skye Project will:
- Replace 11,500 uncovered box seats with 13,300 premium seating options
- Extend from just past the finish line to the First Turn Club
- Provide alternative premium seating during construction
While the initial phases will be ready for the 153rd Kentucky Derby in 2027, full completion is set for 2028. The goal? A better, more immersive experience for fans who want a mix of tradition and modern comforts.
Major Changes Coming to the Infield
The infield—historically a mix of general admission chaos and temporary suites—is about to see a permanent transformation. The Conservatory Project will replace temporary structures with long-term premium seating, boosting hospitality options from 2,100 to 7,000.
This shift means more luxury experiences for Derby guests, fewer logistical challenges with setting up temporary facilities, and a better overall flow for one of the most iconic sporting events in the country.
Phased Rollout: What to Expect Each Year
Here’s a breakdown of the timeline:
Year | Investment | Key Developments |
---|---|---|
2025 | $130M+ | Initial construction approvals, groundwork for Skye & Conservatory projects |
2026 | TBD | Continued Skye Project development, early Conservatory work |
2027 | TBD | Partial completion of Skye Project for 153rd Derby |
2028 | $920M Total | Full completion in time for 154th Derby |
What This Means for Churchill Downs and Kentucky
For CDI, this expansion is a long-term play. A more luxurious, high-end experience means higher ticket prices, more premium seating, and an overall increase in revenue.
For Louisville and Kentucky, the move brings more jobs, tourism dollars, and economic growth. As the Derby’s impact has already proven, improvements to Churchill Downs send ripples across the entire region.
The stakes are high, but if the past is any indication, Churchill Downs is making the right bet.