Yavapai Downs Purchased by Phoenix-Based Company
Live racing could return to the Arizona track by 2019.
January 11, 2018
Yavapai Downs Racetrack in Prescott Valley, Arizona, has been purchased out of federal bankruptcy court for $3.22 million by JACOR Partners, a real estate investment and development company based in Phoenix.
The new owners include JACOR principals Tom Auther, Dave Auther, Mike Auther, and Joe Jackson, along with Kentucky Downs president and longtime racing executive Corey Johnsen. Another longtime racing executive, Ann McGovern, will serve as the track's general manager.
The new owners plan to make millions of dollars of improvements to the facility, which last conducted live racing in 2010.
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