Maryland Thoroughbred Racing Secured with Historic Legislative Vote

Maryland Thoroughbred Racing Secures Future with Historic Legislation

In a dramatic turn of events, the fate of Maryland thoroughbred racing hung in the balance as 13 state senators grappled with a complex piece of legislation on the final day of the 2024 General Assembly session. The future of the sport, particularly the iconic Preakness Stakes, was at stake as lawmakers scrambled to amend the bill that would pave the way for a new era in Maryland racing.

After much deliberation and reservations, the bill ultimately passed by a resounding 41-6 vote, signaling a new dawn for Maryland racing. The legislation, expected to be signed into law by Governor Wes Moore, will see the consolidation of racing activities at a rebuilt Pimlico Race Course and a new training center funded by $400 million in state bonds.

The Maryland Thoroughbred Racetrack Operating Authority, tasked with crafting the latest redevelopment plan, expressed optimism and relief at the passage of the bill. Alan Foreman, a key figure in the Maryland racing industry, hailed the historic moment as a significant step forward for the sport.

The plan, which involves the state taking over the operations of racing from the Stronach Group, aims to revitalize Pimlico and secure a permanent home for the Preakness Stakes. With the support of the government and local stakeholders, Maryland racing is set to undergo a transformation that will ensure its sustainability and growth for years to come.

The involvement of the state in the racing industry, similar to its support for professional sports teams like the Orioles and Ravens, is seen as a positive step towards maintaining local interest and control over major events like the Preakness. The plan also includes provisions for community development projects and workforce housing, highlighting the broader impact of the racing industry on the surrounding areas.

As Maryland joins other states in investing significant funds in racing infrastructure, the future looks promising for the sport in the region. With a new nonprofit entity set to oversee operations and a clear roadmap for redevelopment, Maryland racing is poised for a renaissance that will benefit stakeholders across the board.