Churchill Downs To Sell Arlington Heights Property For $197.2M

Churchill Downs Inc CHDN has signed a Purchase and Sale Agreement with the Chicago Bears.
The company has agreed to sell the 326-acre property in Arlington Heights, Illinois, currently the home of Arlington International Racecourse, for $197.2 million.
The company targets closing the sale of the property in late 2022 / early 2023.
Churchill Downs plans to use the proceeds to purchase or invest in the replacement property.
Price Action: CHDN shares are trading lower by 0.48% at $240.09 on the last check Wednesday.

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