CHICAGO - An Iowa Supreme Court decision yesterday could help clear the way for Polk County to refinance $40 million of debt issued to pay for the construction of the Prairie Meadows racetrack.

The 5-to-3 ruling affirmed a Polk County District Court's dismissal of a lawsuit challenging the lease-purchase agreement between the county and the racetrack's owner, the Racing Association of Central Iowa.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.