Racetrack plans now on hold

“There’s nothing we can do now, but sit back and see how this all plays out,” said Knox County Judge Executive J.M. Hall.

Judge Hall was speaking about Keeneland’s plans for the Cumberland Run Horse Track, which have once again come to a screeching halt. Apparently, a Floyd County restraining order has effectively put a hold on Keeneland’s application for a horse track license until January.

The lawsuit, filed in November, states the Kentucky Horse Racing Commission did not allow Appalachian Racing, LLC, (on behalf of Prestonsburg’s Thunder Ridge Harness Racetrack), ample time to attend the meeting, of which the commission was to act on Keeneland’s racing application.

The suit also claims Keeneland is in breach of its contract with Appalachian Racing because Floyd County has bonds that would have been paid off upon the completion of the contract. This is all due to the fact that Keeneland changed its mind and decided to apply for its own license under the name of Cumberland Run. Under the former agreement, Keeneland was to transfer the racetrack license from Appalachian Racing to Keeneland under the name of Thunder Gap.

The Kentucky Horse Racing Commission appealed the restraining order, but was denied.

A hearing is set for Jan. 12, 2016, in Floyd County Circuit Court.

Bruce Carpenter, Director of Corbin’s Economic Development Agency, sees this as nothing but a little bump in the road.

“I remain confident that it will work out and things will get back on track,” he said,  “and, hopefully, move forward after the first of the year.”