Horse Racing Could Soon Return to Prescott Valley Facility

Yavapai Downs in Prescott Valley hasn't hosted a horse race since 2010. | Google Maps screenshot

A Central Arizona facility that's been closed since 2010 has new owners and could soon resume hosting horse racing, according to media reports.

The Arizona Republic reported last week that Prescott Valley's Yavapai Downs has been bought by JACOR Partners, a Phoenix-based development company, for $3.22 million. The 90,000-square-foot facility opened in 2001 at a cost of $23 million, but it canceled its 2011 season due to financial troubles and hasn't hosted a race since.

A JACOR representative told The Republic that the company plans to host horse races in summer, when Prescott Valley is significantly cooler than the Phoenix area. That would continue a long tradition in the Prescott area: Yavapai Downs replaced the old Prescott Downs, which started hosting races in the early 1900s.

The new owners plan to invest heavily in improvements to the facility, The Republic reported. No opening date was specified.

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