The Downs at Santa Fe was a horse racing facility near Santa Fe, New Mexico, running thoroughbred and American quarter horse events. Originally named Santa Fe Downs, the $5.5 million mile oval track opened in June 1971 with a crowd of 11,000 people, causing traffic jams in the area. Although the track enjoyed good attendance and handle, the heavy debt load to build the track became unmanageable when interest rates rose in the mid-1970s and the track filed for bankruptcy in December 1975.