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Maryland Moves to Buy Laurel Park, Make It Statewide Training Hub

The move is presented as a cost-saving pivot to stabilize Maryland racing.

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.