---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-001947"
form_type: "8-K"
ticker: "CPHC"
cik: "0001672909"
company_name: "Canterbury Park Holding Corp"
filed_at: "2022-01-31T23:59:59+00:00"
generated_at: "2026-06-27T13:37:45.520025+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Canterbury Park amends redevelopment agreement; TIF cost cap reduced to $17.6M, timeline extended to 2027

## Summary
- First Amendment reduces Master Developer's TIF-eligible improvement costs from $23.3M to $17.6M, a reduction of $5.7M.
- City of Shakopee will construct Unbridled Avenue improvements, shifting responsibility from Master Developer.
- Canterbury Park will purchase a TIF Note with maximum principal of $17.6M to reimburse qualified costs.
- Deadline for completion of remaining Developer Improvements extended to July 17, 2027 from earlier 2023 dates.
- Shenandoah Drive improvements completed by Master Developer prior to Dec 31, 2019, as confirmed.

## SEC filing metadata
- accession: 0001437749-22-001947
- form_type: 8-K
- ticker: CPHC
- cik: 0001672909
- company_name: Canterbury Park Holding Corp
- filed_at: 2022-01-31T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672909/000143774922001947/0001437749-22-001947-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672909/000143774922001947/cphc20220131_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-001947
- JSON: https://secwatch.observer/filing/0001437749-22-001947.json
- Plain text: https://secwatch.observer/filing/0001437749-22-001947.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.