KENTUCKY — New state-of-the-art racing facilities may soon be headed to Kentucky.

Keeneland and the majority owners of Kentucky Downs filed an application for a racing license and proposed construction of a racing facility in Corbin and a related track extension in Williamsburg, featuring live Standardbred racing and historical racing machines.

“Corbin is thrilled to be a part of this endeavor,” Corbin Mayor Suzie Razmus said. “The new racing facility will be a welcome addition to our city’s already long list of sites and attractions for local residents and visitors.”

Kentucky Downs is majority owned, controlled, and managed by a partnership led by Ron Winchell and Marc Falcone.

“Horse racing is an extremely vital part of the Commonwealth’s economy,” said Winchell. “With the addition of a new race track and related amenities in southeastern Kentucky, it will help to continue the momentum we have created for the state and our industry in recent years.”

Keeneland's President and CEO Bill Thomason said the new facilities would strengthen Kentucky's horse industry while generating economic growth.

“Keeneland has dedicated resources to this region and project for many years and we look forward to working alongside our partners at Kentucky Downs to bring this project to life,” Thomason said. “This project will strengthen Kentucky’s vital horse industry and positively impact the Commonwealth and the local communities by stimulating significant economic growth, generating hundreds of new jobs and enhancing tourism and hospitality.”

For Williamsburg, the new facilities could mean increased tourism and new jobs.

“We are proud of the significant investment this partnership is committed to making in our community, and are excited to see the infusion of tourism, economic development and new jobs it will bring to Williamsburg and Whitley County,” Williamsburg Mayor Roddy Harrison said.

A press release from Keeneland said officials from each racing association are working with state and local officials on incentives and infrastructure improvements to help make the proposed facilities a reality. As well, local investors are working with the project to increase its impact to the region.

An initial pari-mutuel racing license must be approved by the Kentucky Horse Racing Commission before the facilities can open.