Revolutionary Rendering Racing Kentucky
The Kentucky Horse Racing Commission has granted the ninth and final state license to Revolutionary Racing Kentucky, which plans to invest $55 million to build a world-class equestrian facility, including Kentucky’s first racetrack dedicated to Quarter Horses .
Two KHRC commissioners abstained; the others voted unanimously for approval.
“This project is as much about economic development as it is about the Quarter Horse community,” said Larry Lucas, president of Revolutionary Racing Kentucky. “We are very grateful and humbled by the confidence shown by the commission and the support of the Governor’s Office, the Mountain Legislative Caucus, Boyd County, the City of Ashland and the people of Eastern Kentucky.”
Revolutionary Racing Kentucky plans to build the racing facility on 177 acres in Boyd County near Ashland. It is expected to create more than 200 permanent jobs, in addition to union labor that will be used during construction. Nearly $1 million in new tax revenue is expected to be generated each year.
The racetrack, designed by Populous and in consultation with the Kentucky Quarter Horse Racing Association, will feature a 660-yard sprint track and daily purses of $500,000, placing it among the premier quarter horse racing tracks in the nation. .
“This is a historic day for the thousands of quarter horse owners who call Kentucky home,” said KQHRA President Dr. Richard Connelley. “For decades we have had to travel to other states to race, so we are ready to welcome our friends from across the country to come here and add to the legacy and tradition of Kentucky horse racing.”
While Quarter Horse racing will serve as the centerpiece of the project, plans call for year-round use for Quarter Horse shows and competitions, as well as an adjacent entertainment complex.
“We are excited to take the next step in our journey to bring a world-class facility to Boyd County,” said Prentice Salter, CEO of Revolutionary Racing Kentucky. “We will continue to work closely with the KHRC, our quarter horse partners and the community as we build something all Kentuckians can be proud of.”
Boyd County Executive Judge Eric Chaney thanked the KHRC, as well as the many community leaders, state legislators, business owners and others who have strongly supported this substantial investment in eastern Kentucky.
“We all got behind this project because we understand what it will mean for our community – from jobs to tax revenue to quality of life,” Chaney said. “Revolutionary Racing has been a true partner with us throughout this process and we hope they will be part of our community for many years to come.”
Construction is expected to begin later this year.