Race Park gallops back into business – Kansas City Business Journal:

Last September, Ike smashed holews in the roof of the racepark What’s more, it forced the cancellatiob of the entire winter thoroughbred racing season, meaning a loss of incomr during the fourth quarter, typically the facility’s strongestg three-month period. Regulatory filings by park parentcompany MXM) show that racinhg operation losses were $5 million in 2008, includiny a net gain of $4.3 million related to Ike insuranc recoveries, compared to losses of $8.1 milliom in 2007. Andrea Young, the park’s chiefd operating officer, estimated the cost of major repairss atabout $11 million.
The park also replacec its obsolete infield tote board with amoderhn 38-foot electronic board that displaysa race results. The race park has just signecd a new sponsorship dealwith , which is supplying new furniture for the facility’s entertainment suites. Returning platinunm sponsors this year, each makingv six-figure financial contributions, are . (NYSE: BUD) and . The park is schedulef to re-open Friday for the return of live racinbg and the American Quarter Horsre meet at7 p.m. The facilituy is celebrating its 15th after opening for business inApril 1994.
Large crowds are expected on May 2 when the park debuts anew promotion, Saturdaty Value Day, and has scheduled numerous events around the 135t h running of the Kentucky As usual, the park’s Kentucky Derby party will include the sale of mint julepx and a hat contest. Also on May 2, the park will launc its Verizon Wireless Summer Concert Seriesz atthe showground’s infield entertainment featuring 1980s rock star Joan Jett, at 7 p.m. afterf the Kentucky Derby concludes.

livejournal.com