{"id":135342,"date":"2020-05-09T14:50:11","date_gmt":"2020-05-09T21:50:11","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=135342"},"modified":"2020-05-10T12:08:27","modified_gmt":"2020-05-10T19:08:27","slug":"preakness-staying-in-baltimore-under-new-maryland-law-2020-race-tbd","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/preakness-staying-in-baltimore-under-new-maryland-law-2020-race-tbd\/","title":{"rendered":"Preakness Stays in Baltimore as Bill Passes Without Governor Signing, 2020 Date Still Uncertain"},"content":{"rendered":"

The Preakness will stay in Baltimore. On Thursday, a bill that set aside funding to renovate Laurel Park and Pimlico Race Course, the latter which hosts the second leg of horse racing\u2019s Triple Crown, became law when Maryland Gov. Larry Hogan \u2013 who didn\u2019t sign the bill \u2013 declined to veto the legislation.<\/p>\n

\"Preakness
Fans arrive at Pimlico Race Course for the 2017 running of the Preakness Stakes. A new law in Maryland will keep the race at the historic but soon-to-be redesigned course. (Image: Maryland Governor’s Office\/Wikimedia Commons)<\/figcaption><\/figure>\n

Senate Bill 987 allows the Maryland Stadium Authority to release $375 million in bonds for work at the two horse tracks. The money would be repaid through subsidies the tracks receive from the state\u2019s casinos over a 30-year period.<\/p>\n

\n

Under the plan, at least $180 million of the funding would be used to transform Pimlico into a multipurpose development owned by the city of Baltimore or a designated entity. The Stronach Group (TSG), which currently owns both Maryland tracks, would then race the Preakness there \u2013 even as it undergoes a lengthy renovation. City and Stronach officials first announced the agreement<\/a> last fall.<\/p>\n<\/div>\n

The Pimlico clubhouse would be razed and replaced with a community center. Temporary seating would be installed for the race, which typically draws 100,000 fans or more each year.<\/p>\n

“Bright Future” Ahead for Maryland Racing<\/h2>\n

The redevelopment plan now enacted into law put an end to a contentious period between Baltimore and Stronach officials concerning the future of the historic race.<\/p>\n

Previously, TSG sought to close the rundown Baltimore course and renovate Laurel into a deluxe track that would race year-round. That led to city officials taking the company to court to keep the Preakness in Charm City.<\/p>\n

In a statement Thursday, Alan Riskin, an attorney for the TSG-owned Maryland Jockey Club and the Preakness, called the law a \u201cdefining moment\u201d for Maryland racing<\/p>\n

The Act, which addressed vexing issues that had long challenged the industry, now allows for the bright future and optimism of the Preakness at Pimlico for generations to come, year-round racing at Laurel Park making it the epicenter of training and racing in the Mid-Atlantic, and the unprecedented reinvestment in the communities of interest served by the tracks,\u201d he said.<\/p><\/blockquote>\n

The remaining funds from the bond issue will go toward’s Laurel’s transformation. That will include a new clubhouse for that track, which is located halfway between Baltimore and Washington, DC, and a synthetic-surface track will also be installed.<\/p>\n

Riskin added that both Laurel and Pimlico are both \u201cnear shovel-ready\u201d projects that will help jump-start the state\u2019s financial recovery from the coronavirus pandemic.<\/p>\n

2020 Running Still Up in the Air<\/h2>\n

The Preakness was initially scheduled to run next Saturday. But that will not happen with racing still dark in Maryland and Pimlico still serving as a COVID-19 test site<\/a>.<\/p>\n

In April, The Stronach Group announced it would reschedule the Preakness.<\/p>\n

It seemed as if a new date was found earlier this week when reports circulated that it would take place on Oct. 3. However, a statement by Stronach officials refuted that report.<\/p>\n

\u201cThe Stronach Group\/Maryland Jockey Club is aware that a potential date for Preakness 145 has been announced,\u201d the company said. \u201cAt this point, there is no definitive date set, and we continue to explore options. Once a date for Preakness 145 has been finalized, an official announcement will be made.\u201d<\/p>\n

An Oct. 3 Preakness would come nearly a month after the Kentucky Derby, currently slated for Sept. 5. It would also make a Triple Crown an impossibility for 2020 since the Breeders\u2019 Cup Classic is set Nov. 7, unless the New York Racing Association chose to run the Belmont Stakes either before the Derby or between the Derby and Preakness.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Preakness will stay in Baltimore. On Thursday, a bill that set aside funding to renovate Laurel Park and Pimlico Race Course, the latter which hosts the second leg of horse racing\u2019s Triple Crown, became law when Maryland Gov. Larry Hogan \u2013 who didn\u2019t sign the bill \u2013 declined to veto the legislation. Senate Bill […]<\/p>\n","protected":false},"author":45,"featured_media":135343,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14577,13],"tags":[],"acf":[],"yoast_head":"\nPreakness Staying in Baltimore Under New Maryland Law, 2020 Race TBD<\/title>\n<meta name=\"description\" content=\"Maryland Gov. 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He also specializes in sports betting and horse racing. Steve is a veteran reporter and brings more than two decades of experience covering sports, business and politics. He joined Casino.org in 2019. Steve has also covered major collegiate and professional sports for the Associated Press and the Louisville Courier-Journal and is frequently featured on local network TV newscasts and podcasts for his horse racing business and legislative expertise. A Reuters contributor, he has also previously served as editor for Government Security News. Steve lives in Louisville, Kentucky -- the epicenter of the US horse racing industry -- with his wife and son. He is also an avid poker player, having learned from his uncle as a wholesome after-school pastime with cookies and milk. 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