The total cost of all three projects will be around $920 million, with the Skye Terrace contributing to the bulk of that total at an expected $455-465 million. The Conservatory project is estimated to cost $320-330 million, and the Infield project $60-70 million.

In Phase One, CDI will install a Pagoda Club and Terrace, offering views of the grandstand and "unprecedented visibility" of the grandstand and winner's circle. The first building, with nine upgraded suites, will offer rooftop dining and new views of the racetrack, frontside and infield.

CDI is calling these projects, collectively, the largest expansion and renovation undertaken in the company's 150-year history.