Citing 'tariff and trade disputes,' Churchill Downs hits pause on $920 million construction plan

Churchill Downs pauses projects due to tariff concerns

Churchill Downs Inc. is pausing several multi-year capital projects it planned for the Louisville racetrack complex, citing uncertainty related to international trade disputes and other economic concerns.

Citing 'tariff and trade disputes,' Churchill Downs hits pause on $920 million construction plan

A funding ordinance at Metro Council will proceed, its co-sponsor said, because Churchill wants 'to be ready to build'

Infielders Rejoice! Churchill Downs Delays Concrete Capital Campaign Project

Churchill Downs tried to squeeze general admission fans out of the Infield. Their big investment is being put on hold, for now.

Churchill CEO sees steady Derby business after record year

Churchill Downs Inc. might be pausing some of its capital projects at the home of the Kentucky Derby, but it is full steam ahead on this year’s event and CEO Bill Carstanjen told investors to expect similar business levels off last year’s record.Kentucky Derby week in 2024 generated about $28 million in adjusted earnings. That represented about 2.3% of the company's $1.2 billion in adjusted earnings for 2024. Both figures were records, and the D…

Churchill Downs hits pause on major projects due to Trump tariff uncertainty

LOUISVILLE, Ky. (ABC36 NEWS NOW) — Churchill Downs says it is putting a hold on several major construction projects, and company leaders say it’s because of economic uncertainty tied to tariffs and trade policy under President Donald Trump. In a release Wednesday, Churchill Downs Incorporated (CDI) announced it will temporarily pause work on The Skye Terrace, Conservatory, and Infield General Admission areas. The company cited rising constructio…

Churchill Downs Pauses Key Projects Due To Trump Tariffs

Churchill Downs Incorporated (CDI) has decided to pause the multi-year projects to develop The Skye, Conservatory and Infield areas “due to the increasing uncertainty surrounding construction costs related to the Trump tariffs and trade disputes as well as current macro-economic conditions,” the company said in a press release on Wednesday afternoon. During their first quarter earnings call after the market closed, CDI said in the coming months …