Maryland bets big on Preakness Stakes, matches Churchill’s $85M bid to keep rights to race

On the same track where million-dollar horses once raced, construction crews are now racing to complete a $400 million overhaul of Pimlico Race Course — and Maryland officials have moved to ensure the Preakness Stakes stays firmly tied to that redevelopment.

Two months ago, Churchill Downs announced it would spend $85 million for the intellectual property rights to the Preakness Stakes.

“They thought their expertise could help them build the Preakness and Black Eyed Susan bigger than ever before," Dick Jerardi, a racing expert and former sportswriter with the Philadelphia Daily News, said.

STORY: https://foxbaltimore.com/news/local/m...
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