The iconic Churchill Downs racetrack in Louisville has put a hold on several major redevelopment projects, citing “increasing uncertainty surrounding construction costs related to tariff and trade disputes as well as current macro-economic conditions.”

In a statement released Wednesday, Churchill Downs Incorporated (CDI) confirmed that development of The Skye, Conservatory, and Infield areas has been temporarily suspended. The projects were part of a broader multi-year transformation of the venue designed to elevate guest experiences at the historic track. However, CDI says economic pressures have prompted a reassessment.

According to the release, the company will “assess the evolving economic landscape” over the coming months to determine a revised timeline for the paused projects.

While the larger redevelopment plans are on hold, construction will continue on two high-end areas of the racetrack—The Mansion and the Finish Line Suites. Both are expected to be completed by April 2026.

“We are pleased to announce these new projects designed to significantly improve the Finish Line Suites and The Mansion which are two of our most exclusive areas of the racetrack,” said Bill Carstanjen, Chief Executive Officer of CDI. “The decision to pause the Skye Terrace and infield projects was a difficult one for us to make because we do not want to disappoint our fans; however, we have a responsibility to be disciplined given the recent changes in the economic environment. We remain committed to growing our iconic flagship asset over the long term with projects that will provide new once-in-a-lifetime experiences for our guests and deliver best-in-class shareholder returns.”

These upgraded facilities are estimated to cost between $25 million and $30 million, representing a continued investment in maintaining Churchill Downs’ status as one of the nation’s premier horse racing destinations, even as broader economic factors demand caution.

Construction experts say tariff and trade issues have driven up the cost of materials like steel and aluminum, while inflation and supply chain disruptions have added layers of unpredictability. In such a climate, pausing large-scale projects is a common move for companies trying to safeguard capital.

Still, CDI’s leadership emphasized that the pause is strategic and temporary. The organization remains intent on completing its long-term vision for the racetrack, which blends rich tradition with modern luxury.

As the economic picture evolves, fans and stakeholders alike will be watching closely for updates on when the full suite of renovations can resume. For now, Churchill Downs continues to bet on the future, even as it adjusts to present-day challenges.

Originally reported by Rosemary Kelly in Lex 18.