New study shows economic impact of Thoroughbred industry in Massachusetts will increase 57% with a Resort at Suffolk Downs

Tuesday, October 22, 2013 (East Boston, MA) – Clubhouse and grandstand renovations, enhancements to outdoor viewing areas, state-of-the-art technology, construction of new dormitories and additional upgrades to the barn area, and new racing surfaces are all part of Suffolk Downs’ $40 million racing improvement plan, which will be unveiled Thursday at Indian Rock Stables, a Thoroughbred breeding farm located in Saugus, MA. The racing improvement plan is part of Suffolk Downs’ overall proposal to develop a $1 billion world-class resort at the historic 78-year-old racetrack.

A new study of the Thoroughbred industry in Massachusetts shows that its economic benefits impact will increase 57 percent should Suffolk Downs earn a gaming license.

WHO: Richard Fields, Principal owner of Suffolk Downs
Chip Tuttle, Chief Operating Officer of Suffolk Downs
Karen and Paige Benson, Owners and operators of Indian Rock Stables
Bruce Patten, Executive Director, New England Horsemen’s Benevolent & Protective Association
Thoroughbred racehorses

WHAT: Suffolk Downs will unveil its plans for $40 million in racing improvements that are included in its proposal to develop a $1 billion world-class resort. Track officials will also discuss the findings of a new study of the current and future economic impact of the Thoroughbred industry in Massachusetts should Suffolk Downs earn a gaming license. The industry currently generates 1,486 jobs and includes 133 farms and more than 6,000 acres of open space.

WHEN: Thursday, October 24, 2013
11:15 a.m. Details of plan announced
11:30 a.m. Trail ride on retired Thoroughbreds

WHERE: Indian Rock Stables, 28 Walden Terrace, Saugus, MA
Directions from Boston: Route 1 North. Take Walnut St./129 exit, then make an immediate left onto Walden Pond Ave. After half a mile, turn right onto Walden Terrace.

OPP: Retired Thoroughbreds going on a trail ride in the Lynn Woods.
Additional Thoroughbreds in stables and paddocks at the farm.

VISUALS: Renderings of improvements to the Clubhouse and Grandstand at Suffolk Downs

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Christian Teja, Suffolk Downs 857- 231-6788