Ownership of the Wyoming Downs horse racing track in Evanston has changed hands.

Eric Nelson, who sold the track five years ago, bought it back recently for $450,000 at an auction.  The 43-year-old real estate broker says he plans to resume live races by 2013 and run rodeo events that customers can wager on.

The Associated Press reports  Nelson wants  to open a second track in Cheyenne that could attract customers from northern Colorado.

Nelson becomes the second businessman this year to bet on a revival in Wyoming's horse racing industry. In August, a group began running races at Sweetwater Downs in Rock Springs.