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Published: Thursday, July 26, 2012 @ 11:24 AM
Updated: Thursday, July 26, 2012 @ 11:24 AM
TURTLECREEK TWP. — The new owners of the Lebanon Raceway released Thursday initial plans and sketches for the proposed new racing facility they hope to build along the Interstate 75 corridor.
Although they are not releasing specific dimensions of the proposed racino — which would combine a live horse racing track with video lottery terminals — the rendering showed a “modern looking” upscale facility that would likely be visible from the highway if plans come to fruition.
Miami Valley Gaming and Racing LLC., a joint venture of Delaware North Companies Gaming and Entertainment and Churchill Downs Inc., purchased the horse racing licenses currently used at the Lebanon Raceway from Miami Valley Gaming and Racing LLC and the Lebanon Trotting Club LLC for a reported $60 million earlier this year.
The new owners want to build a $175 million racetrack near the intersection of Ohio 63 and Union Road in Turtlecreek Twp., near the Lebanon Correctional Institution. The facility is expected to have 2,500 video lottery terminals. The former owners of Lebanon Raceway had long maintained that video slot machines and a new facility were needed in order to make the operation profitable.
Officials from Miami Valley Gaming and Racing said Thursday they had filed applications with both the Ohio State Racing Commission and the Ohio Lottery Commission to gain approval to house Video Lottery Terminals
“Miami Valley Gaming & Racing is one step closer to building a new, world-class entertainment venue in southwest Ohio,” said MCGR spokesman Ron Sultemeier. “We are pleased to be working with the State of Ohio’s oversight commissions on this project that will employ 1,000 construction workers in the short-term, create 700 permanent jobs in the long-run, and infuse $24 million into the local economy.”
Sultemeier said he was unsure how long it would take for the application to work its way through the system.