CHICAGO - The Racing Association of Central Iowa has unveiled a reorganization plan to pay off $39 million of outstanding sports facility revenue bonds issued by Polk County, Iowa, to build the bankrupt Prairie Meadows racetrack.

The plan was filed in U.S. Bankruptcy Court in Des Moines on Monday, according to Thomas Flynn, attorney for the racing association, which owns the racetrack.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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