During the company’s fourth quarter earnings conference call, Churchill Downs Incorporated President and Chief Operating Officer Bill Carstanjen elaborates on the newest piece to be added to the CDI portfolio, filling in the blanks on a few remaining questions about why, where, when, and how much. “We were successful in winning the casino license for Vigo County and plan to build a destination casino resort called the Queen of Terre Haute,” Carstanjen tells Wall Street. “Our team competed in a head-to-head public competition against three other bidders in an all-day event in November. We were officially awarded the license on January 6 of this year. We have purchased a 50-acre parcel of land off Interstate 70 at the State Road 46 exit on the far east side of Terre Haute to get us as close to the western portion of the Indianapolis metropolitan area as possible. We are in the process of obtaining all of the permits and approvals required and finalizing the designs for the property. We are planning to start construction in late May with the target grand opening in late 2023. This will be a $240 million to $260 million project,” Carstanjen concludes. Recall that the Indiana Gaming Commission’s cost estimate for the permanent Churchill facility (at its original site next to the sewage treatment plant) clocked in at $239.26 million.