Churchill Downs Incorporated has launched the process to sell the Arlington International Racecourse in Arlington Heights, Illinois, with plans for the new owner to redevelop the site.
THe operator, however, said it remains committed to running Arlington’s 2021 racing calendar, which lasts until 25 September. It said it does not expect the sale to close before this date, nor does it expect the sale to impact the schedule in any other way.
Real estate business Coldwell Banker Richard Ellis (CBRE) will market the property to new developers.
Churchill Downs Incorporated chief executive Bill Carstanjen said the racecourse’s location should make it an attractive property site for buyers.