Overview
- The Maryland Stadium Authority says it has a tentative deal with The Stronach Group to acquire Laurel Park for conversion into the statewide training center.
- The price is reported at about $50 million, with acquisition costs to be covered by project funds that may later be offset through MEDCO revenue bonds.
- Pimlico will be rebuilt to function as a ship-in racetrack, while Laurel consolidates daily training in roughly 1,100 stalls under Maryland Jockey Club management.
- Officials project roughly $50 million in savings, including $26.3 million from avoiding new stalls at Pimlico and $22.5 million from scaling back a large event center.
- Laurel is set to host the 2026 Preakness before the race returns to a rebuilt Pimlico in 2027, and a task force will propose alternative uses for the now-shelved Shamrock Farm site.