CoastersRZ Posted November 26, 2010 Share Posted November 26, 2010 LAS VEGAS (AP) — Las Vegas casino operator Pinnacle Entertainment Inc. said Friday it has reached a deal to buy Cincinnati's River Downs Racetrack for $45 million. Read more on Cincinnati.com here: http://news.cincinnati.com/article/20101126/BIZ01/311260009/River-Downs-sold-for-45-million This was first reported in the news back about a month ago, but was never officially confirmed. (See this topic: http://www.KICentral.com/forums/index.php?showtopic=22937) Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted November 26, 2010 Share Posted November 26, 2010 Oh, my. I wonder what that bodes for the future of Coney Island of Ohio. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted November 26, 2010 Author Share Posted November 26, 2010 I do not know. River Down`s parking lots are used for concert parking at Riverbend (in addition to Coney`s lots). It will certainly be interesting to see what changes this new owner does to the complex. I believe that their undeveloped acreage is actually an open field on the NORTH side of Kellogg Avenue, which is used for parking at the sold out Riverbend shows. If they eventually develop that, there could be a parking shortage during Riverbend shows. Quote Link to comment Share on other sites More sharing options...
CoastersRZ Posted January 15, 2011 Author Share Posted January 15, 2011 UPDATE: Pinnacle gets OK to buy River Downs The all cash transaction is expected to close later this month. Quote Link to comment Share on other sites More sharing options...
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