LOUISVILLE, Ky. — The Louisville Metro Council approved a plan that will give Churchill Downs another long-term break on property taxes in exchange for major renovations.

The agreement lets Churchill Downs borrow $1.2 billion through bonds for various projects with no cost to Metro Louisville and with no effect on the city’s debt capacity.

Supporters said the expansion would bring jobs, tourism and fresh momentum to Louisville’s economy. They argued the deal keeps growth moving around the track and helps the city stay competitive.

“Growth should never be held against a company that continues to invest in our community. Every expansion brings jobs, tourism and economic energy that ripples far beyond the track.” said Khalil Batshon, R-District 25.

Critics said the agreement stretches too

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