Sports & Whatever

Tag: Baltimore

  • Maryland Is Trying to Buy Back a Race It Never Should Have Lost

    Maryland Is Trying to Buy Back a Race It Never Should Have Lost

    Maryland plans to spend $85 million to reacquire the Preakness Stakes brand, previously owned by Churchill Downs Incorporated (CDI). The state’s history of mismanagement raises concerns about its ability to effectively steward racing assets. CDI, with its successful track record, holds significant leverage in the negotiations.

  • Did Churchill Downs Give Wes Moore Buyer’s Remorse?

    Did Churchill Downs Give Wes Moore Buyer’s Remorse?

    Governor Wes Moore’s $48.5 million purchase of Laurel Park, aimed at strengthening Maryland’s thoroughbred racing industry, faces a 45-day financial review that raises concerns. Past mismanagement and Churchill Downs’ acquisition of the Preakness name limit the state’s leverage. Moore must clarify if the investment strategy remains solid amid these challenges.

  • Derby Winners Are Skipping the Preakness. Maryland Is Spending $400 Million on It Anyway.

    Derby Winners Are Skipping the Preakness. Maryland Is Spending $400 Million on It Anyway.

    Cherie DeVaux Racing announced that Golden Tempo will not compete in the Preakness Stakes, continuing a trend of Derby winners opting out due to modern training practices and financial considerations. Maryland’s $400 million investment in Pimlico faces challenges, as the state lacks control over scheduling and racing decisions, with no Triple Crown winners since 2018.

  • Pimlico’s $400M Reboot: A Welcome Investment—If Bureaucrats Don’t Blow It Again

    Pimlico’s $400M Reboot: A Welcome Investment—If Bureaucrats Don’t Blow It Again

    The demolition of Pimlico Race Course marks the start of a $400 million project aimed at revitalizing the historic venue and the surrounding Park Heights neighborhood. While the plan promises jobs and tourism, past failures raise concerns about accountability and actual benefits for local residents, necessitating careful implementation to avoid more bureaucratic pitfalls.

  • Preakness Parties on the Public Dime: Pimlico’s Rebuild and the Forgotten Cost to Taxpayers

    Preakness Parties on the Public Dime: Pimlico’s Rebuild and the Forgotten Cost to Taxpayers

    Maryland’s approval to modernize Pimlico Race Course, home of the Preakness Stakes, has garnered enthusiasm for potential economic benefits. However, significant taxpayer funding for politically charged parties raises concerns about transparency and equity. With residents facing fiscal challenges, there is a call for accountability to ensure fair access and responsible spending.

  • A New Era for Pimlico: Maryland Approves Bold Rebuild of Historic Racetrack

    A New Era for Pimlico: Maryland Approves Bold Rebuild of Historic Racetrack

    Maryland has approved the demolition and reconstruction of the historic Pimlico Race Course, crucial for preserving the Preakness Stakes and revitalizing local economic development. With over $400 million invested, the project aims to transform Pimlico into a modern multi-use venue, creating jobs, enhancing the community, and securing the racetrack’s future in Baltimore.