Louisiana State Rep. Patrick Connick said the largest stakeholder in Churchill Downs could be interested in owning the property.
"Churchill Downs has changed from being a horseracing company to a gaming company. They don't want to be in the horse-racing business, at least in this area," Connick said.
According to its website, Churchill Downs Inc. purchased the Fair Grounds in September 2004 for $47 million.
A spokesperson could not be reached for comment.
Who is the "largest stakeholder"? Article doesn't say.