$7.8 Million Improvements Plan for Breeders
Cup Begun at Lone Star Park In order to accommodate horsemen
from around the world and a crowd in excess of 50,000 for the 2004 Breeders’
Cup World Thoroughbred Championships, Lone Star Park at Grand Prairie
will began Phase I of a $7.8 million capital improvement plan. To mark
the start of the project, a brief groundbreaking ceremony was held on
Wednesday, November 20.
At the groundbreaking, officials unveiled a detailed timeline for the
three-part capital improvement plan, which will involve both permanent
and temporary projects. The event is expected to generate about $60-million
in short-term economic impact for the Dallas-Fort Worth metroplex area.
Lone Star Park currently has a seating capacity of 10,000 and a total
capacity of approximately 40,000. The capital improvement plan will enable
the racetrack to expand its seating capacity to more than 50,000.
The Texas Legislature voted last year to earmark up to $2-million in
state funds to support the capital improvements. On June 28, the Grand
Prairie Sports Facilities Development Corp. unanimously approved a resolution
to grant the North Texas track $2.9 million for facility improvements
in order to host a future Breeders’ Cup. The agreement cemented
all the necessary funding for Breeders’ Cup improvements to the
five-year-old racetrack.
“All the necessary funding is in place,” said Lone Star
Park President Corey Johnsen. “To stage a championship event of
this magnitude, it’s imperative to have strong local and statewide
support. We are grateful that both the City of Grand Prairie and the State
of Texas have showed tremendous support for Lone Star Park and the sport
of horse racing.”
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