Churchill Downs Gets Rezoning Approval for Casino
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The Terre Haute City Council has unanimously approved rezoning of a 50-acre piece of land on the city’s east side, which helps clear the way for a planned $240 million casino to relocate. Our partners at WTHI-TV report the council approval is the first of several steps to occur before construction can begin.
Last month, Kentucky-based Churchill Downs Inc. (Nasdaq: CHDN) sought rezoning of the site near I-70 and State Road 46 to build the Queen of Terre Haute Resort. It was originally planned for city’s west side near the Haute City Shopping Mall and the city’s wastewater treatment plant.
The TV station says CDI must still gain approval from the Indiana Gaming Commission and the Board of Zoning Appeals on the new location. The gaming company is also seeking a height variance for the ten-story structure.
If all approvals are granted, CDI hopes to break ground in May.
“Very excited, very happy that the council approved our rezoning request. We’re super excited to be in Terre Haute. We think we have a terrific site,” said Ryan Jordan, senior vice president of real estate development for CDI.
The company hopes to open the casino in late 2023.