Core Viewpoint - Churchill Downs Incorporated (CDI) announced the Victory Run project, a significant growth initiative aimed at enhancing the hospitality and seating experience at the Churchill Downs Racetrack, set to replace outdated facilities with a modern structure [3][4][5]. Project Overview - Victory Run will be a four-story structure located at the first turn of the racetrack, featuring premium hospitality experiences, private suites, indoor and outdoor dining, and covered box seating [4]. - The project will increase seating capacity from approximately 6,400 existing seats to about 7,800 premium seats [4]. Financial Aspects - CDI plans to invest between $280 million and $300 million in the Victory Run project [5]. - The construction is anticipated to begin after the 2026 Kentucky Derby and be completed by the 2028 Kentucky Derby, with interim upgraded seating available for the 2027 Kentucky Derby [5]. Strategic Importance - The CEO of CDI, Bill Carstanjen, emphasized that the Victory Run project will significantly improve guest experiences and contribute to long-term growth and shareholder value [6].