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Miami Valley Gaming Makes $3 Million Commitment to Warren County Fairgrounds Revitalization

BUFFALO, N.Y. and LOUISVILLE, Ky. (March 5, 2013) – Miami Valley Gaming,a joint venture of Delaware North Companies Gaming & Entertainment and Churchill Downs Incorporated, announced a $3 million commitment to Warren County’s efforts to revitalize the Warren County Fairgrounds.
“Warren County has a tremendous opportunity to transform the Fairgrounds, and Miami Valley Gaming’s partnership shows their true dedication to see this region thrive,” said Warren County Commissioner Pat South. “We look forward to creating a committee to put together a plan for the future use of the Fairgrounds.”
The donation will include a $1 million contribution in 2013 to the County to support redevelopment of the current Lebanon Raceway at the Warren County Fairgrounds. Miami Valley Gaming will provide an additional $500,000 per year for the next four years.
“Miami Valley Gaming is proud to support the County’s efforts to redevelop the raceway that is such an important part of the Warren County Fairgrounds. These facilities, only seven miles away from our new raceway, will do so much to reinforce the regional strengths of horse racing as the industry resurges in Ohio,” said Jim Simms, president and general manager of Miami Valley Gaming.
Miami Valley Gaming, located at exit 29 off I-75, will include a 5/8-mile harness racing track and an 186,000-square-foot gaming facility on the 120-acre site. In addition to the $50 million video lottery terminal (VLT) license fee, Miami Valley Gaming will invest up to $175 million in the new facility, including the cost of VLTs.
Preliminary work is under way at the site of the new gaming and racing complex. It is expected to open during the first quarter of 2014. The project will create 1,000 construction jobs and 700 permanent jobs. The majority of jobs will be full time, and residents of southwest Ohio will fill roughly 95 percent of the positions created.
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