Hurricane More Financial Than Structural
Calder Race Course sustained minimal structural damage from Hurricane Frances, but track general manager Ken Dunn said revenue loss was substantial. Calder was forced to close for live racing and simulcasting Sept. 3-5 as Frances swept through
- Topics: Article, Disaster Recovery
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Calder Race Course sustained minimal structural damage from Hurricane Frances, but track general manager Ken Dunn said revenue loss was substantial. Calder was forced to close for live racing and simulcasting Sept. 3-5 as Frances swept through South Florida.
“Physically we were very lucky with only a few trees down and lots of debris,” Dunn said. “But when you lose an entire Labor Day weekend, it’s something you can’t replace.”
Though the economic impact wasn’t immediately available, Dunn estimated the loss of revenue at $500,000. Worse yet, with Frances having affected virtually the entire state of Florida over a prolonged period, intrastate wagering on Calder’s subsequent racing programs will suffer as residents recover from the storm’s damage.
Dunn said he would discuss with officials from Churchill Downs Inc., Calder’s parent company, options to minimize the financial impact by running additional races and/or additional racing dates during the four months remaining in its meet
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