Gulfstream Park West | Ryan Thompson
Churchill Downs Incorporated has entered into an agreement to sell 115.7 acres of land near Calder Casino for $291 million or about $2.5 million per acre. CDI has agreed to sell the land to Link Logistics, one of the leading owners of logistics real estate assets, founded in 2019 by Blackstone.
Closing an asset sale is subject to meeting various closing conditions. The company expects to complete the asset sale in the first half of 2022.
Upon closing of this transaction, CDI will retain ownership of approximately 54 acres on the existing 170-acre parcel of land that Calder Casino is wholly owned by the Company.
Calder opened May 6, 1971. Owned by Churchill Downs, Inc., it leased its horse racing operations to the Stronach Corporation and was renamed Gulfstream Park West from 2014 to 2020. South Florida Racecourse closed last fall.
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