Tag: Shamrock Farm
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Maryland on the Map: What Officials Finally Admitted to the General Assembly
Maryland officials told lawmakers the MJC loses money throughout the year, MEDCO financed the Preakness IP with a $97 million unrated loan, and the Stadium Authority does not intend to seek additional state funding.
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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.
