| Why
the Equestrian Park:
Expanding on the
‘Racino’ model currently found throughout the country, Canterbury
Park has broadened its entertainment destination vision to include a
world-class horse show and event center. Minnesota is home to one of
the largest horse populations in the country, but currently lacks a
major show venue. Today, many of Minnesota’s horsemen leave the
state to show at venues around the country, taking with them a huge
economic impact.
Equestrian Park Details:
Specifically, if Racino legislation passes, Canterbury Park would privately
finance show facilities that include two climate-controlled indoor arenas
(175’ x 300’ and 140’ x 300’) as well as indoor
and outdoor warm up arena. Additionally, the plan calls for the construction
of 3 outdoor arenas (125’ x 275’) and one working Western
arena, as well as a short cross country course on the racetrack infield.
Four-hundred new horse stalls would be constructed and earmarked for
show horse events, which, combined with the existing 1,600 stalls, would
accommodate local, regional and national events.
Economic
Impact of the Equestrian Facility:
Exact details of the show facility’s economic impact are not yet
known, but by looking at other arenas we know the effect would be substantial.
Equestrian event centers are typically built by municipalities due to
the major tourism impact they have. For instance, a fiscal impact study
found the Scottsdale, Arizona’s city-owned WestWorld Equestrian
and Special Event Facility created total direct spending of just under
$25 million during the fiscal year 2000-2001. The facility at Canterbury
Park would be privately financed, yet the region would still capture
the tourism benefits.
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