Plans are for Churchill Downs to open a new historical racing machine (HRM) entertainment venue in Louisville, Kentucky's downtown.

Called Derby City Gaming Downtown, the new location will be 140 South 4th Street and provide 100 permanent jobs and 350 construction jobs.

It will include 200 parking spaces on-site, 500 HRMs housed there, and an outdoor gaming area.

Along with a bourbon library and a wine and charcuterie room, the location will have a main-level sports bar.

"CDI is committed to investing in the city of Louisville and today we are particularly excited to announce this new downtown entertainment venue," stated Church Downs CEO Bill Carstanjen.

"Our HRM expansion will be a win for the entire Louisville community and will create $10m to $12m annual in extra purse money for Churchill Downs Racecourse."

Projected to open in 2023, work on the facility is scheduled to start by the end of 2021.

Church Downs's Fair Ground Race Course & Slots, together with twelve of its fifteen Off-Track Betting (OTB) sites in Louisiana, have reopened following damage during Hurricane Ida.

While the four remining OTB venues reopened between September 20 and September 26, the Fair Ground course and eight other sites reopened by September 30.

Churchill Down has also promised $1 million to the West End Opportunity Partnership, an effort to create economic growth in Shawnee, Portland, Russell, Chickasaw, Parkland, California, Park Hill, Park Duvalle and Algonquin.

"I commend the leadership at Churchill Downs for taking this significant step in support of the West End Opportunity Partnership and for motivating other local corporate citizens to follow suit," Kentucky State Senator Gerald Neal stated.

"We are helping our Commonwealth to be a better place for all Kentuckians by acting to correct the injustices and inequalities in our local communities."

Churchill Downs sold Chicago Bears, an NFL team, its Arlington Racecourse facility for $200 million earlier this week.