Racing and Community Development Act os 2020

The Racing and Community Development Act of 2020, a capital plan aimed to protect horse racing in Maryland through the development of Pimlico Race Course and Laurel Park, was allowed to pass, without signature, by Gov. Larry Hogan May 7. Passed by the Maryland General Assembly Mar. 18, the legislation clears the way for the Maryland Stadium Authority to provide up to $375 million in bonds, stemming from a combination of funds from the Racetrack Facility Renewal, Purse Dedication Accounts and Baltimore City' video lottery terminal payments and funds from...

The Racing and Community Development Act of 2020, which authorizes $375 million to pay for the rebuilding of Pimlico and the refurbishing of Laurel, was passed Wednesday by the Maryland General Assembly, reports the Maryland Thoroughbred Horsemen's Association. The bill will now go to Maryland Governor Larry Hogan, who is expected to sign it. If signed by Hogan, the Act will go into effect June 1. It has sailed through both Maryland houses. The House passed the conference committee version of the bill by a vote of 113-14 a short...

Maryland lawmakers have introduced a bill, the Racing and Community Development Act of 2020, that would fund renovations at Laurel and Pimlico, ensuring that the GI Preakness S. will remain at Pimlico. The bill calls for the Maryland Stadium Authority to oversee the project and to raise $350 million to do so through the sale of bonds. The future of the Preakness had been in doubt when officials with The Stronach Group, which owns Laurel and Pimlico, made it known that they were interested in moving the race to Laurel....