Maryland Economic development Corporation

Maryland Governor Wes Moore has announced that the state of Maryland has matched the $85-million bid from Churchill Downs for the intellectual property and branding rights to the Preakness, which will now be held by the state. The story was first reported by the Baltimore Banner. Gov. Wes Moore said in a statement provided to the Banner that his administration has made "historic investments" to ensure the future of Maryland's racing industry, and that the $85-million decision will secure a "vital asset for our state." It will "preserve Maryland's position...

The Maryland Thoroughbred Racetrack Operating Authority (MTROA), which was created in 2023 by the state to oversee the rebuilding of the 'Home of the Preakness' at Pimlico, will be terminated as of June 30, according to an article published in the Maryland Daily Record Apr. 4 . The piece says that a provision tucked into the state budget bills during final negotiations put the authority on ice and shifts its responsibilities to the Maryland Stadium Authority and the Maryland Economic Development Corporation. As previously reported by the TDN, the MTROA...