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 city of Baltimore and the owners of the historic but dilapidated Pimlico Race Course have reportedly reached a deal about how the track can remain running.
According to a report by the Baltimore Sun, there has been a lot of stress on the relationship between the track owners and the city:
“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.”
But eventually, the report later goes on to state how deal was struck between the two parties:
“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.”
Honestly, this is fabulous news for our city. We deserve to have the Pimlico Race Course. It should stay exactly where it is.