Louisville Metro Gives Churchill Downs a Tax Break in Exchange for Renovations

Metro Council approves extension of 30-year tax break for Churchill Downs

Metro government has held title to the racetrack and surrounding parcels since the early 2000s as part of a plan to help Churchill finance a series of improvements to the Central Avenue track.

Louisville Metro gives Churchill Downs a tax break in exchange for renovations

The agreement lets Churchill Downs borrow $1.2 billion through bonds for various projects with no cost to Louisville.

Louisville extends Churchill Downs tax break, rejects ICE masking ban

Louisville Metro Council members voted on a handful of high-profile ordinances Thursday night, including an attempt to prevent federal agents from wearing masks and a plan for spending millions in leftover funding.Metro Council members also voted to extend a property tax break for Churchill Downs, the horse racing track for the Kentucky Derby, until 2055.The company that runs the track has had a deal with Louisville Metro since 2002. It exempts …