Keeneland Contributes $600 Million a Year to Lexington’s Economy

Study: Keeneland contributes almost $600 million a year to Lexington’s economy

by Janet Patton, 4.23.15, Kentucky.com

Between the boutique race meets in spring and fall and world-renowned horse sales, Keeneland has an economic impact of almost $600 million, according to a new study released Thursday.

The study, conducted by the University of Kentucky Center for Business and Economic Research, found that the racetrack brings in more than $266 million in outside spending to Fayette County in just three events: the fall race meeting and the epic September yearling and November breeding stock sales.

Coupled with the spring meet and two additional but smaller sales, the Lexington track and auction house has a projected impact of more than $590 million a year, according to study author and UK economist Chris Bollinger.

“Fayette County is a richly diverse economic climate, and Keeneland’s quite unique,” Bollinger said in an interview Thursday. “There’s not a whole lot of other cities that have a venue like Keeneland.”

Bill Thomason, president of Keeneland, said he hoped the study would illuminate the track’s role in the local entertainment and business industry…Read more at Kentucky.com

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