CANTERBURY PARK PROMOTES JASON HAUGEN TO NEW ROLE AS VICE PRESIDENT OF REAL ESTATE FOR CANTERBURY PARK DEVELOPMENT, LLC
14 Noviembre 2022 - 2:00PM
Canterbury Park Holding Corporation (“Canterbury” or the “Company”)
(NASDAQ: CPHC), announced today that current Director of Real
Estate Development, Jason Haugen, has been named Vice President of
Real Estate for Canterbury Park Development, LLC. In this newly
created role, Haugen will continue his work overseeing the
development of Canterbury Commons while also managing the growing
portfolio of the Company’s real estate equity investments.
“Jason’s promotion is a recognition of the value
he has brought to the Company and our confidence in his leadership
skills,” said Randy Sampson, Chairman and CEO of Canterbury Park.
“Jason has been instrumental in the successful transformation of
the land surrounding Canterbury Park into what we believe will
position Canterbury Commons as a must-visit, must-experience
destination for residents and guests in Shakopee and across the
broader Minneapolis metropolitan area. Approximately 900 units of
residential development have either been completed or are underway,
and we have successfully attracted multiple commercial uses to our
property. Our long-term vision is rounding into focus under his
leadership, and we are excited to see how he guides the future of
Canterbury Commons.”
Haugen has served as Director of Real Estate
Development since January 2019. In this role, he has overseen the
ongoing development of Canterbury Commons, a 140-acre site which
surrounds Canterbury Park, including working with state and local
agencies to secure necessary permitting. To-date and under his
supervision, over $200 million of total development has been
completed and/or announced. This includes the completed
headquarters building for Greystone Construction (“Greystone”), the
newly underway co-tenant restaurant and brewery project near the
Greystone building, the soon to begin development of a preschool
and the 19,000-seat amphitheater planned by Swervo Development
Corporation. Additional residential developments underway include
the Triple Crown Residences, Pulte Homes of Minnesota’s row home
and townhome residences, Lifestyle Communities’ Artessa at
Canterbury Park cooperative community, and age-restricted market
rate apartments under the Omry brand.
Prior to joining the Company, he served as
Senior Project Manager at Kilbourne Group from May 2016 to January
2019 during which time he managed development and programming for
mixed use projects primarily in Fargo, North Dakota. He also served
as Director of Business Development with Newport Partners from May
2014 to May 2016 and in other development roles at Master
Properties Minnesota and Schafer Richardson from August 2012 to May
2014. He holds a BS in Geology from the University of North Dakota
and an MBA with a focus on Commercial Real Estate from the
University of St. Thomas.
About Canterbury
Park
Canterbury Park Holding Corporation (Nasdaq:
CPHC) owns and operates Canterbury Park Racetrack and Card Casino
in Shakopee, Minnesota, the only thoroughbred and quarter horse
racing facility in the State. The Company generally offers live
racing from May to September. The Card Casino hosts card games 24
hours a day, seven days a week, dealing both poker and table games.
The Company also conducts year-round wagering on simulcast horse
racing and hosts a variety of other entertainment and special
events at its Shakopee facility. The Company is also pursuing
a strategy to enhance shareholder value by the ongoing development
of approximately 140 acres of underutilized land surrounding the
Racetrack that was originally designated for a project known as
Canterbury Commons™. The Company is pursuing several mixed-use
development opportunities for the remaining underutilized land,
directly and through joint ventures. For more information about the
Company, please visit www.canterburypark.com.
# # #
For a photograph of Jason Haugen and PDF of this release use
this link: https://canterburypark.egnyte.com/fl/1Nyzv6jYE9 For
Canterbury Park logo use this link:
https://canterburypark.egnyte.com/dl/G2iwt11JCi
Investor Contacts:
Randy Dehmer
Senior Vice President and Chief Financial Officer
Canterbury Park Holding Corporation
952-233-4828 or investorrelations@canterburypark.com
Richard Land, Jim Leahy
JCIR
212-835-8500 or cphc@jcir.com
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