Fundraiser for Arts Council Northeast The event will be in the private Alysheba Ballroom, where attendees will watch the live races from the large terrace and cheer on their favorites as they cross the finish line! The Kentucky Derby will be simulcast live on the televisions in the ballroom. Guests will enjoy a fabulous buffet, beer and wine, Live and silent auctions, along with a Derby hat contest, will add to the fun.