Sports & Whatever

Tag: public finance

  • The Bet That Already Lost

    The Bet That Already Lost

    Governor Wes Moore’s $85 million investment in Preakness Stakes’ intellectual property failed as Churchill Downs built a competing championship series, omitting the Preakness. CDI strategically divested remaining Maryland properties, indicating its departure from the state. Maryland’s efforts to secure horse racing prominence were undermined, raising concerns about governance and operational competency.

  • The Governor Bought a Horse Race

    The Governor Bought a Horse Race

    Governor Wes Moore’s administration committed $85 million in taxpayer funds to acquire the Preakness Stakes brand, amid rising costs and budget deficits in Maryland. Critics argue this move prioritizes political gain over essential infrastructure needs and question the governance and management of this state-owned commercial property, with significant financial risks involved.