NOTE: The Office of the Governor shared the following press release:
ANNAPOLIS, Md. — Governor Wes Moore today announced that the Maryland Stadium Authority Board of Directors voted to approve a $48.5 million agreement with 1/ST Holdings to purchase the 229-acre Laurel Park to redevelop it into a best-in-class horse training facility.
The agreement saves the State of Maryland more than $50 million and marks a strategic realignment of the State’s plans to transform the Pimlico Race Course into the heart of statewide thoroughbred racing while securing the future of Maryland’s multi-billion dollar horse racing industry…