Churchill Downs (CHDN) Closes $26.5M Sale of Excess Real Estate at Calder Race Course

November 9, 2016 2:01 PM EST

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Churchill Downs Incorporated (CDI) (NASDAQ: CHDN) announced today that it closed on the sale of 61 acres of excess real estate at Calder Race Course (Calder) located in Miami Gardens, Fla. to EastGroup Properties (NYSE: EGP) for $26.5 million or $434,426 per acre.

“This is a step towards right-sizing the footprint needed to conduct our operations at Calder and helps promote economic development as well as creates much-needed jobs in Miami Gardens and the State of Florida,” said William Mudd, CDI’s President and Chief Operating Officer.

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