It looks like the Preakness could be here to stay for at least the next few decades.
Plans of a $375.5 million project to rebuild and improve Pimlico Race Course and Laurel Park were revealed in an Oct. 4 letter. The large majority of the funding would come through a bond offering from the Maryland Stadium Authority, but to pay off the bond, the state's casinos would have to extend their horse racing subsidy.
After years and years of debate and discussion, those who feared the Preakness Stakes leaving Baltimore may be able to breathe a sigh of relief after this potential breakthrough.
