PREAKNESS STAYS PUT ~ (Update: State/Horsemen to run MJC in 'Pimlico Plus' plan)

[Kasept]

This is welcome and wonderful news.. inspiring against long odds. And everyone wins. Baltimore, Park Heights, The Triple Crown, the Maryland Jockey Club & Laurel too.. Congratulations to all that made this happen, particularly Alan Foreman who will join us on ATR Monday with the remarkable story and details.

'Historic’ deal aims to keep Preakness in Baltimore

https://www.baltimoresun.com/marylan...gze-story.html

The city of Baltimore and the owners of the historic but dilapidated Pimlico Race Course have come up with a way to keep the prestigious Preakness Stakes at the 149-year-old track in Northwest Baltimore.

The parties briefed The Baltimore Sun on the deal that could end vexing problems that have lingered for decades over funding for improvements, sports fans’ changing tastes, and tensions between local leaders, neighbors and the operators of the track. Last winter, the city sued the track owner, and officials of The Stronach Group said they were committed to holding the Preakness at Pimlico only through 2020.

Now, The Stronach Group has pledged to donate the land to the city or an entity created by the city for development in and around the track. Pimlico’s antiquated grandstand and clubhouse would be demolished. A new clubhouse would be built and the track rotated 30 degrees to the northeast to create nine parcels of land that could be sold for private development.

In all, Pimlico would receive $199.5 million as part of the project. Training and stable operations would be consolidated at The Stronach Group’s track at Laurel Park in Anne Arundel County, which would receive $173.4 million for improvements. The Stronach Group would look to divest itself of the Bowie Training Center.