Chastain Horse Park, Ltd. (CHP), a 501(c)(3) organization, was established in 1997. In 1998, they acquired a 20-year lease agreement to renovate and operate the stables property. CHP completed a $4 million development of the facility in 1999 which included removal of existing structures that could not be salvaged, building a new clubhouse and four new barns, a large covered arena, fencing the entire site, constructing a new retention pond, burying utilities, adding new sanitary and storm systems as well as several retaining walls and a new parking lot.