Colonial Downs Hosts Virginia Derby: Stone's Big Announcement

Rajiv Sharma

5 min read

Post on May 04, 2025

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Stone's Game-Changing Announcement for the Virginia Derby

Bert Stone's announcement represents a major investment in the future of the Virginia Derby and Colonial Downs as a whole. The key changes focus on significantly enhancing the race's prestige and attracting top-tier competitors. This ambitious plan includes substantial improvements to the track's infrastructure and a dramatic increase in prize money. This strategic move aims to elevate the Virginia Derby to a level comparable to the most prestigious Thoroughbred racing events in the country.

• Purse Increase: The most impactful element of Stone's announcement is a substantial increase in the Virginia Derby purse. The purse will be boosted by $1 million, bringing the total purse to a staggering $2 million, making it one of the most lucrative races in Virginia horse racing and a significant lure for top-tier horses and jockeys. This dramatic increase in horse racing prize money is unprecedented for the Virginia Derby.

• Racetrack Improvements: Significant investments are planned for Colonial Downs' infrastructure. This includes upgrades to the track surface, improved stabling facilities for horses, and enhanced amenities for attendees. These improvements will ensure a world-class experience for both the horses and the spectators attending this Virginia horse racing event.

• Attracting Top Talent: Stone's vision includes attracting internationally renowned jockeys and the finest Thoroughbreds. Incentives, including the increased purse and upgraded facilities, aim to make Colonial Downs the preferred destination for high-stakes horse racing. The long-term goal is to establish the Virginia Derby as a coveted fixture in the racing calendar, attracting a competitive field of high-quality horses.

• Timeline: The implementation of these changes is expected to be phased over the next 12-18 months, ensuring a smooth transition and meticulous attention to detail. The first race with the enhanced purse and improved facilities is slated for the next running of the Virginia Derby.

Impact on Virginia Horse Racing and the Local Economy

Stone's investment in the Virginia Derby is not only transformative for the horse racing world but will also significantly boost the local and state economies. The ripple effect of increased tourism and job creation will be felt throughout the region, specifically impacting Newport News and its surrounding areas.

• Tourism Revenue: The increased prestige of the Virginia Derby is expected to draw a considerable influx of tourists to the area, boosting revenue for hotels, restaurants, and other local businesses. Newport News tourism is projected to see a substantial upswing thanks to the enhanced racing event.

• Job Creation: The improvements to Colonial Downs will create numerous jobs in construction, hospitality, and race-day operations. This injection of jobs will contribute positively to the employment landscape in and around Newport News, creating economic opportunity and stability.

• Economic Multiplier: The overall economic impact will be substantial, generating increased state tax revenue and providing a significant boost to the local economy's financial health. The impact of horse racing on Virginia's overall economy is expected to see considerable growth.

Attracting Top-Tier Horses and Jockeys to the Virginia Derby

The increased prize money, combined with the upgrades to Colonial Downs' facilities, is strategically designed to attract top-tier horses and jockeys to the Virginia Derby. This will elevate the competition and increase the race's overall prestige.

• High-Caliber Competition: The larger purse incentivizes owners to enter their best Thoroughbreds, resulting in a more competitive field and higher-quality racing. The Virginia Derby field is expected to become considerably more competitive, attracting the best in the business.

• International Recognition: The goal is to attract renowned international jockeys, further enhancing the prestige of the race and drawing increased attention from horse racing enthusiasts worldwide. Colonial Downs horses will benefit from associating with the highest-caliber jockeys.

• Long-Term Strategy: This is a long-term strategy to establish the Virginia Derby as a premier horse racing event, attracting top-level participation year after year. High-stakes horse racing attracts top talent, and Colonial Downs is strategically positioning itself to consistently attract the best.

The Future of Colonial Downs and its Role in Virginia Horse Racing

Bert Stone's vision extends far beyond a single race. His investment signals a commitment to the long-term growth and sustainability of Colonial Downs and its role within the Virginia horse racing future. This strategic investment in Thoroughbred racing will further enhance the facility’s position as a premier horse racing destination, drawing more spectators and boosting economic activity in the region. The future of Colonial Downs is bright, promising continued growth and economic prosperity.

Conclusion

Bert Stone's announcement regarding the Virginia Derby at Colonial Downs marks a significant turning point for Virginia horse racing. The substantial investment and planned improvements promise to elevate the race's prestige, boost the local economy, and solidify Colonial Downs as a major player in the Thoroughbred racing world.

Call to Action: Stay tuned for updates on the Virginia Derby and experience the excitement of this revitalized horse racing event at Colonial Downs. Learn more about the upcoming races and plan your visit today! Follow Colonial Downs on social media for the latest news and updates on the Virginia Derby and other thrilling races.