Following the land sale, Canterbury will continue the redevelopment of the horse stabling area, which serves its racing business, with new barns and a new dormitory complex. With the land sale and government approvals now complete, Swervo expects construction of its planned 19,000-capacity open air amphitheater to begin this Spring, with the venue opening anticipated to be Summer 2025.
The land sold is situated adjacent to County Road 83 and Unbridled Avenue in the northeast corner of Canterbury’s campus. SHAKOPEE, Minn., (GLOBE NEWSWIRE) - Canterbury Park Holding Corporation, (“Canterbury” or the “Company”) (NASDAQ: CPHC), today announced that that it has completed the sale of 37 acres of land to Bloomington Investments, LLC, an entity related to Swervo Development (“Swervo”), for total consideration of $8.8 million. Construction of 19,000-Capacity Amphitheater Expected to Begin in Spring 2023
