Churchill Downs Team Members Volunteer to Provide Critical Home Repairs as Part of 150 Days Countdown Celebration to Milestone 150th Kentucky Derby
LOUISVILLE, KY., (December 13, 2023) – Churchill Downs Racetrack (Churchill Downs) team members volunteered to provide critical home repair services to individuals living in the neighborhoods surrounding the iconic racetrack in celebration of 150 days until the 150th Kentucky Derby. The valued volunteer opportunity was made possible through a three-year community partnership with New Directions Housing Corporation (New Directions) Repair Affair initiative. As part of the magic that makes the Kentucky Derby memorable for guests year after year, the South Louisville community is an integral and important part of what the team does at Churchill Downs, making this a perfect fit as part of the countdown celebrations to the milestone event.
Churchill Downs Incorporated (CDI) connected with New Directions in hopes of giving back and providing needed services to the neighbors of Churchill Downs. Through their Repair Affair initiative, New Directions was able to help identify qualifying long-term residents in the area in need of critical improvements to their homes. In the last two years, almost 50 homeowners in the surrounding neighborhoods have been directly impacted through this partnership. In addition to the recent volunteer efforts, the initiative has also given a disabled homeowner a fully accessible bathroom, replaced a broken furnace during the holiday in a home where a grandfather was acting as caretaker to his two young grandchildren, countless other roof repairs, safety upgrades and painting projects.
New Directions’ mission is to develop and maintain affordable housing in partnership with neighborhoods and other stakeholders. The Repair Affair program provides free home repair for homeowners 60 and over, or with a verified disability who own and live in their home and make less than 50% of the Area Median Income – $27,150 for a one-person household.
“Churchill Downs is proud to give back to the community that has allowed our signature event to thrive for nearly 150 years,” said Casey Ramage, VP of Marketing & Partnerships at Churchill Downs. “We know that the community plays a vital role in the success of the Kentucky Derby which is why it is a key pillar in planning ways to celebrate this milestone anniversary.”
Churchill Downs team members found the opportunity to celebrate the countdown to Kentucky Derby 150 and engage with the residents who live around the racetrack incredibly fulfilling:
- “It’s an extremely rewarding experience being able to give back to the community through these repair initiatives. Kicking off the countdown to Kentucky Derby 150 in this impactful way makes it that much better as we look forward to the milestone event in May.” – Xaimara Torres Jimenez, Marketing Manager
- “To see our teams hard work at planning the kick off to Kentucky Derby 150 come to fruition is beyond words. I can’t wait to share our upcoming efforts for 100 and 50 days until Derby as we celebrate with the entire Louisville community.” – Michelle Walkup, Director of Product Development & Advertising
- “I’m so grateful for an opportunity to give back to the local community and celebrate the upcoming Kentucky Derby 150 with our entire team.” – Amber Reigard, Premium Sales Manager
About New Directions Housing Corporation
Since 1971, New Directions has helped families overcome obstacles to affordable, safe, sustainable housing in Louisville and Southern Indiana. Through our housing, home-repair, and real estate development programs, we help to build and strengthen communities, improve lives and ensure a bright future for those in need. www.ndhc.org.
About Churchill Downs Racetrack
Churchill Downs Racetrack (“CDRT”), the world’s most legendary racetrack, has been the home of The Kentucky Derby, the longest continually-held annual sporting event in the United States, since 1875. Located in Louisville, CDRT features a series of themed race days during Derby Week, including the Kentucky Oaks, and conducts Thoroughbred horse racing during three race meets in Spring, September and Fall. CDRT is located on 175 acres and has a one-mile dirt track, a 7/8-mile turf track, a stabling area and provides seating for approximately 60,000 guests. The saddling paddock and the stable area has barns sufficient to accommodate 1,400 horses and a 114-room dormitory for backstretch personnel. CDRT also has a year-round Race & Sports Book and simulcast wagering facility. www.ChurchillDowns.com
About Churchill Downs Incorporated
Churchill Downs Incorporated (NASDAQ: CHDN) has been creating extraordinary entertainment experiences for nearly 150 years, beginning with the company’s most iconic and enduring asset, the Kentucky Derby. Headquartered in Louisville, Kentucky, CDI has expanded through the development of live and historical racing entertainment venues, the growth of the TwinSpires horse racing online wagering business and the operation and development of regional casino gaming properties. www.churchilldownsincorporated.com
This news release contains various “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by the use of terms such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar words or similar expressions (or negative versions of such words or expressions).
Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Important factors, that could cause actual results to differ materially from expectations include the following: the occurrence of extraordinary events, such as terrorist attacks, public health threats, civil unrest, and inclement weather, including as a result of climate change; the effect of economic conditions on our consumers’ confidence and discretionary spending or our access to credit, including the impact of inflation; additional or increased taxes and fees; the impact of any pandemics, epidemics, or outbreaks of infectious diseases, including the impact of any future developments related to COVID-19, and related economic matters on our results of operations, financial conditions and prospects; lack of confidence in the integrity of our core businesses or any deterioration in our reputation; loss of key or highly skilled personnel, as well as general disruptions in the general labor market; the impact of significant competition, and the expectation the competition levels will increase; changes in consumer preferences, attendance, wagering, and sponsorships; risks associated with equity investments, strategic alliances and other third-party agreements; inability to respond to rapid technological changes in a timely manner; concentration and evolution of slot machine and historical racing machine (HRM) manufacturing and other technology conditions that could impose additional costs; failure to enter into or maintain agreements with industry constituents, including horsemen and other racetracks; inability to successfully focus on market access and retail operations for our TwinSpires Sports and Casino business and effectively compete; online security risk, including cyber-security breaches, or loss or misuse of our stored information as a result of a breach including customers’ personal information could lead to government enforcement actions or other litigations; reliance on our technology services and catastrophic events and system failures disrupting our operations; inability to identify, complete, or fully realize the benefits of our proposed acquisitions, divestitures, development of new venues or the expansion of existing facilities on time, on budget, or as planned; difficulty in integrating recent or future acquisitions into our operations; cost overruns and other uncertainties associated with the development of new venues and the expansion of existing facilities; general risks related to real estate ownership and significant expenditures, including risks related to environmental liabilities; personal injury litigation related to injuries occurring at our racetracks; compliance with the Foreign Corrupt Practices Act or other similar laws and regulations, or applicable anti-money laundering regulations; payment-related risks, such as risk associated with fraudulent credit card or debit card use; work stoppages and labor problems; risks related to pending or future legal proceedings and other actions; highly regulated operations and changes in the regulatory environment could adversely affect our business; restrictions in our debt facilities limiting our flexibility to operate our business; failure to comply with the financial ratios and other covenants in our debt facilities and other indebtedness; increases to interest rates (due to inflation or otherwise), disruption in the credit markets or changes to our credit ratings may adversely affect our business; increase in our insurance costs, or inability to obtain similar insurance coverage in the future, and any inability to recover under our insurance policies for damages sustained at our properties in the event of inclement weather and casualty events; and other factors described under the heading “Risk Factors” in our most recent Annual Report on Form 10-K and in other filings we make with the Securities and Exchange Commission.
We do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Media Contacts
Logan Spradlin
Communications Manager
Churchill Downs Incorporated
Phone: (502) 638-3864
Email: [email protected]
