Maryland Proposes $400M Plan to Rebuild Pimlico Race Course

The initiative aims to transfer ownership to a state-controlled nonprofit, ensuring the future of the Preakness Stakes and horse racing in Maryland.

Maryland lawmakers are considering a new $400 million plan to rebuild Pimlico Race Course, transferring ownership to a state-controlled nonprofit.
The plan includes relocating the Preakness Stakes to Laurel Park in 2026 during construction, with a return to Pimlico expected in 2027.
The proposal aims to secure a sustainable future for Maryland's thoroughbred racing industry and includes the construction of a new training facility.
The Maryland Thoroughbred Racetrack Operating Authority and The Stronach Group have expressed support for the plan, highlighting its potential to revitalize horse racing in the state.
The bill, introduced late in the legislative session, requires approval before the session concludes on April 8.