Former Remington Park GM And Partner Agree To Buy Kentucky Track
Friday, March 23rd 2007, 12:23 pm
By: News On 6
FRANKLIN, Ky. (AP) Former Remington Park general manager Corey Johnsen and a business partner reach an agreement to buy Kentucky Downs, a turf racetrack in far southern Kentucky near the Tennessee state line.
A partnership led by Johnsen and Ray Reid will own 85% of the track, while three members of its current ownership group -- Churchill Downs of Louisville, Kentucky, Turfway Park of Florence, Kentucky and Kelley Farms -- each will retain a 5% interest.
Johnsen worked as an assistant general manager at Remington Park when the track opened in 1988 and became the track's general manager in February 1993.
He left the track in February 1994 to become the general manager at Lone Star Park in Grand Prairie, Texas, which then was preparing to open.
Last August, Johnsen was named as the president of Magna Entertainment Corporation operations in the southwest, a job that included the presidency of Remington Park and Lone Star Park.
He left that job last month.