The Belgrade Hippodrome is located near the city centre, at the foot of Banovo Brdo, near the Savsko Lake. It was built in 1914. The area of the Hippodrome is about 23 hectares. The tradition of horse racing in Belgrade is 103 years old. On several occasions, the company changed its legal status and activity, and finally, on February 29, 2008, by the Decision of the Belgrade City Assembly, it changed its form of the organisation into the Public Enterprise ' Hippodrome Belgrade'. This place is dedicated to fostering the culture and tradition of equestrian sport in Belgrade.