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Thursday, May 18, 2017

Pimlico likely needs 'complete rebuild' to preserve Preakness, owner says

Preserving the 147-year-old Pimlico Race Course as the home of the Preakness likely would require rebuilding the track at a cost of $300 million to $500 million, according to its owner — which has no plans to foot the bill.

Simply renovating the faded track wouldn't elevate it to the standards required for the second leg of horse racing's Triple Crown, said Tim Ritvo, chief operating officer of the racing division of the Stronach Group, owner of Pimlico and Laurel Park.

"What we'd want to see is a complete rebuild," Ritvo said in an interview Monday.

Questions have long loomed about the future of Pimlico and who might pay to renovate or rebuild the storied track, which borders on the rough Park Heights neighborhood. The Maryland Stadium Authority has estimated that renovating the track would cost $250 million to $320 million.

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13 comments:

Anonymous said...

NO TAX $

Anonymous said...

I agree they pocket millions a week do your OWN Upgrades with your own money Zero tax dollars.

Anonymous said...

This upgrade is the purest BS I've ever heard of with the exception of trying to undermine Trump.

Anonymous said...

Use the casino money cause you know it ain't for the kids !

Anonymous said...

MD taxpayers will pay for it eventually. So glad I don't pay MD anymore.

Anonymous said...

Of course it does. I worked infield many moons ago and it was a crap facility then. Years of neglect because they knew they could eventually ask for a rebuild. When they do rebuild, my guess is that they will need it to be relocated too.

Anonymous said...

That's a dirt track. $300 million worth of dirt? Must be gold dust!

Anonymous said...

147 years is a long time. Isn't this a Maryland Historic Place?

Anonymous said...

Let em dip into there OWN POCKETS as a tax payer im Tapped out.

Anonymous said...

Managment pocketing MILLIONS EVERY YEAR.

Anonymous said...

Were do u live the tax free zone called the moon ?

Anonymous said...

Who cares? I moved to Delaware. Let Maryland find enough tax paying residents to foot the bill. Maybe they can sell park benches to suckers like OC did for additional revenue.

Anonymous said...


NO TAX Dollars; sink or swim on their own!