"Maryland Legislature Approves Pimlico Race Course Revitalization Plan"

Maryland lawmakers have approved a plan to rebuild Baltimore’s Pimlico Race Course, home of the Preakness Stakes, and transfer the track to state control. The $400 million plan involves using state bonds to rebuild the facility and transferring ownership to a newly formed nonprofit. The Preakness will temporarily relocate to Laurel Park in 2026 while the new facility is being built, before returning to Pimlico. The bill addresses concerns about the state assuming liability for operating costs and aims to revitalize the historic racetrack, which has faced challenges in recent years.