Don’t Let The Preakness Leave Baltimore.
There’s a Better Plan To Invest In Baltimore.
The Preakness Stakes belongs in Baltimore – where it has been run for 146 years.
Mayor Catherine Pugh describes it as Baltimore’s “annual Super Bowl,” with an economic impact in the tens of millions, each year, for city businesses. For one day, every May, the nation’s attention focuses on a celebration of and in Baltimore.
But the Preakness is at risk. Join us on our mission to keep the Preakness in Baltimore.
The Current Situation
The Canadian-owned Stronach Group, which receives more than $60 million each year in Maryland taxpayer dollars – including $8 million annually to spend on track improvements – wants to move the Preakness out of Baltimore to its Laurel track.
Now, the Stronach Group is asking the State of Maryland to issue $100 million to $120 million in government bonds – backed by the taxpayer money Stronach receives – in order to renovate Laurel Park and move the Preakness out of Baltimore. That relocation would shift the economic benefit of the Preakness to Washington, D.C.
The Maryland Stadium Authority has put forward a better concept, which will:
- Rotate and rebuild the track to allow development completely around the track, connecting with the community and opening the infield to recreation uses.
- Incorporate residential, healthcare, commercial and entertainment components.
- Build a multi-use clubhouse that will serve the Preakness, but also be a year-round community asset.
- And complement a $200 million expansion by LifeBridge Health/Sinai Hospital.
The Baltimore Sun recently reported, “Pimlico’s owners spent nearly 90% of Maryland renovation funds at Laurel,” intentionally starving Pimlico in order to move the Preakness.