Tag: Wes Moore
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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.
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Why FIFA Really Passed Over Baltimore — And Whether the City Has Caught Up
Baltimore’s bid to host the World Cup in 2026 faced rejection in 2022, attributed to factors like inadequate transit and hotel capacity. Four years later, crime rates have significantly decreased, but hotel inventory has worsened. While transit improvements are planned, the city must address hotel shortages to strengthen future bids for international events.
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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.
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Maryland Is Bleeding Money. Voters Have a Choice.
Maryland’s upcoming Republican primary reveals significant governance failures under Wes Moore’s administration, particularly regarding costly public investments in racing. The state faces scrutiny over mismanaged deals like the Churchill Downs acquisition. Republican candidates Dan Cox, Ed Hale, and John Myrick offer specialized skills to address these procurement and legal issues, challenging Moore’s record.
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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.
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Maryland Spent $1.2 Billion on Baltimore’s Stadiums. What Are the Teams Spending on Baltimore’s Kids?
The New York Yankees recently honored 11,500 Bronx students for achievements in academics and community service, raising questions about Baltimore’s teams’ community contributions. Despite Maryland’s substantial financial support for stadiums, the Orioles’ outreach has diminished, lacking formal programs for local schools. There’s a growing demand for accountability regarding public investments in private franchises.
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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.
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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.
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Maryland Spent $450 Million. Churchill Downs Bought the Crown Jewel. Moore Wasn’t Invited.
This Saturday, Democratic governors from four states will attend the Kentucky Derby, hosted by Kentucky’s Governor Beshear. Notably absent is Maryland’s Governor Wes Moore, who is kicking off his reelection campaign in Maryland. The situation raises questions about party optics and the financial relationship between Maryland and Churchill Downs.
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