Sports & Whatever

Tag: 1/ST Racing

  • How a $375 Million Plan Became a $715 Million Problem

    How a $375 Million Plan Became a $715 Million Problem

    Maryland’s horse racing redevelopment plan escalated from $375 million to over $715 million through five decisions made without public cost-benefit analyses. Key decisions included concentrating racing at a rebuilt Pimlico, abandoning Shamrock Farm, purchasing Laurel Park, and acquiring the Preakness IP, all while lacking transparency and accountability.

  • Blindsided, Again

    Blindsided, Again

    Churchill Downs announced a Thoroughbred Championship Series without including the Preakness Stakes, surprising Maryland officials who only learned of the plan through media. This follows Maryland’s $85 million acquisition of the Preakness IP. The series threatens the future of the Preakness and represents a significant strategic shift in American racing.

  • Maryland Owns the Racetrack. Churchill Downs Owns the Race.

    Governor Wes Moore announced Maryland’s acquisition of Laurel Park for $48.5 million, completing the state’s thoroughbred racing infrastructure. However, Churchill Downs purchased the Preakness Stakes trademark for $85 million, leaving Maryland with weakened negotiating power over future licensing and branding, despite its significant financial investment in the racing industry.