Kentucky Association
The Kentucky Association (also known as the Kentucky Racing Association) was formed on July 23, 1826 to promote the breeding and racing of Thoroughbred horses in the Bluegrass region of Kentucky. The "oldest turf organization in America", it was founded by a group of prominent locals, who included planter and politician Henry Clay, Jesse Bledsoe, Dr. Elisha Warfield, and Thomas F. Marshall. Between 1828 and 1834, the Association acquired 65 acres of land in an area of the city of Lexington, Kentucky that today is the east end of 5th Street at Race Street. On the property, the  Association built a one-mile dirt racetrack with grandstand and stables to host Thoroughbred flat racing events. Financial difficulties and sale. After more than six decades of success, financial problems led to the track being sold in 1890 to a group of investors. The economic depression following the Panic of 1893 was a serious blow, and financial difficulties plagued the new owners. Given the low economy, they had difficulty attracting horses for important events such as the 1896 Ashland Oaks, which the "New York Times" described as a farce after it drew only two entries. Facing imminent foreclosure, on March  18, 1897 the track was put up for sale. The status of the track remained in limbo for four years until Charles Green of St. Louis, Missouri, who had been a Trustee for the stockholders, purchased the track in 1901 for $1 plus other considerations. April 1906 fire. In April 1906 a fire broke out at the track, which quickly spread to the surrounding private residences. Eighteen area homes were destroyed. Notable events. The Phoenix Stakes, now the oldest stakes race in the United States, was first run in 1831 as the Phoenix Hotel Handicap at the Kentucky Association  track. Other important races inaugurated there and still run today, include the Ashland Oaks, revived as the Ashland Stakes, which was named for Henry Clay's Ashland estate; plus the Breeders' Futurity Stakes (1910), the Blue Grass Stakes (1911), and the Ben Ali Stakes (1917). Some of the notable events that took place at the Kentucky Association Racetrack include: Management and new ownership. Past presidents of the racetrack include John C. Breckinridge and General Leslie Combs. During 1918-1919, the Kentucky Jockey Club was created to take over the four racetracks in the state, consisting of the Kentucky Association, Churchill  Downs, Latonia Race Track, and the Douglas Park Racetrack. The Kentucky Association racetrack closed in the spring of 1933 and its facilities were torn down in 1935. On April 17, 1933, articles of incorporation were filed for the Keeneland Association; their new racecourse opened in 1935, located about six miles outside of Lexington. Today city roads Versailles and Man O' War Boulevard intersect at one corner. The Kentucky Association racetrack's historic gates were replicated at the Keeneland Race Course. The historical records for the Kentucky Association (1828 to c.1935) are maintained at the University of Kentucky library's Special  Collections & Digital Programs Division.