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#21 BSLChrisStoner

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Posted 27 February 2019 - 07:09 PM

Baltimore Business Journal: Pugh rallies support for Pimlico with racetrack's future on the

https://www.bizjourn...racetracks.html



#22 DJ MC

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Posted 19 March 2019 - 06:58 PM

https://www.baltimor...0319-story.html

 

Man, Mayor Pugh is running every play in the children's book to keep the Preakness here.


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#23 NewMarketSean

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Posted 20 March 2019 - 08:00 AM

https://www.baltimor...0319-story.html

 

Man, Mayor Pugh is running every play in the children's book to keep the Preakness here.

 

Not sure who to side with here. The city is using the track as some tool to improve Park Heights but that isn't realistic IMO. OTOH the Stronach Group have basically become slumlords at Pimlico.

 

Something needed to happen I guess. I just dont know that I trust Pugh to find the solution.

 

I am just glad I am going to Preakness this year before any eventual move.


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#24 Nigel Tufnel

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Posted 20 March 2019 - 08:18 AM

Robert Lang WBAL Retweeted Robert Lang WBAL

In his interview with @BryanNehman @GovLarryHogan says most Marylanders do not care where the Preakness is run so long as it’s run in Maryland



#25 JeremyStrain

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Posted 20 March 2019 - 08:22 AM

Not sure who to side with here. The city is using the track as some tool to improve Park Heights but that isn't realistic IMO. OTOH the Stronach Group have basically become slumlords at Pimlico.

 

Something needed to happen I guess. I just dont know that I trust Pugh to find the solution.

 

I am just glad I am going to Preakness this year before any eventual move.

 

I mean, if the city wanted them to stay that bad they would have found an obscene amount of money to give them like other cities do. Not that they should have, there are FAR more important things in Bmore than keeping a once a year horse race there. So I tend to side with the owners. If they don't want to have it there, and they have a better plan, then okie doke. It'll still be in MD, not even that far away. If they don't think about what is best for the event, sooner or later horse racing will just make it so Preakness isn't one of the major events anymore and we'd have nothing.

 

I think people will go at Laurel once they are done and be like HOLY CRAP this is amazing. I have friends near the Derby and what they describe as venue sounds much closer to what these guys are planning.


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#26 weird-O

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Posted 21 March 2019 - 02:10 PM

From the perspective of nostalgia, it's sad to think the Preakness will no longer run in Baltimore. From the perspective of the race itself, it's sad to think the existing track won't be used. From the way it's talked about each year, it sounds like the track has a unique shape that's unlike any other. The owners have been pushing for this move for years, and they've manipulated circumstances toward that goal. And that makes them the bad guys. Baltimore has played kick the can for a long time, so the city is culpable as well. Everyone knows Pimlico is a dump. When I go there, it's embarrassing to think that this is venue they provide for such a widely viewed annual event. 

 

It's difficult to believe that both sides couldn't figure out a way to work together and come to a mutually beneficial resolution. If this attraction is as big of an economic generator as the city claims, then it's worth investing in.


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#27 Nigel Tufnel

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Posted 21 March 2019 - 02:13 PM

Maybe Mayor Pugh can bribe Stronach with her sudden surplus of unsold children's books.



#28 weird-O

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Posted 21 March 2019 - 02:27 PM

Maybe Mayor Pugh can bribe Stronach with her sudden surplus of unsold children's books.

I had such high hopes when she was elected. 


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#29 Mark Carver

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Posted 05 October 2019 - 08:58 AM

Breaking news in print this morning...

 

‘Historic’ deal aims to keep Preakness in Baltimore; track owner, city reach agreement after 4 months of talks

 

https://www.baltimor...zgze-story.html


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#30 SportsGuy

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Posted 05 October 2019 - 09:04 AM

Ugh

#31 NewMarketSean

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Posted 05 October 2019 - 09:05 AM

Good news but there is going to need to be major upgrades or a total rebuild. I went for first time this year and the place is a dump. Ladies bathroom stopped working immediately and that doesn’t even include the old grandstand that were closed for safety reasons. 7 thousand seats worth.
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#32 You Play to Win the Game

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Posted 05 October 2019 - 02:15 PM

In Baltimore city, there are so many more important things to spend $199 million on.

“We have a shot at a wild card right now. But it is not a probability that we're going to win a wild card.” -2022 Trade Deadline

"It's liftoff from here" - after selling on 2022

"We're on a slight upward arc" - Winter Meetings 2022

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#33 SportsGuy

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Posted 05 October 2019 - 02:47 PM

In Baltimore city, there are so many more important things to spend $199 million on.


Yep..this is just stupid.

#34 SBTarheel

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Posted 05 October 2019 - 03:54 PM

insane Orioles rumors put to bed, and the Preakness stays. 

 

Good week! 


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#35 Pedro Cerrano

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Posted 05 October 2019 - 04:25 PM

They must think the improvements will lead to enough revenue to make it worth it.

There is baseball, and occasionally there are other things of note

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#36 BSLChrisStoner

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Posted 05 October 2019 - 04:58 PM

BBJ: Preakness could stay in Baltimore after negotiators reach 'historic' deal
https://www.bizjourn...3VyZm13Y3EifQ==

 

Under the proposal, Pimlico would undergo a $199.5 million upgrade. The plan would include demolishing the current grandstand and clubhouse so a new clubhouse can be built. The track would also be turned 30 degrees to the northeast, shortening it by less than 1/16 of a mile and opening up nine parcels for private redevelopment.

A hotel, grocery store, medical facility and other commercial uses are some of the options that could be considered for redevelopment.

 

"The plan we present today is not just about racing, it’s also about communities and the trajectory of our city," Cole said in a statement. "The Pimlico plans will accelerate the revitalization of Park Heights by at least a decade."

 

The Maryland Jockey Club would continue to manage Pimlico through a 30-year lease. The Stronach Group also agreed to spend $8 million to $10 million per year for operations related to the Preakness.

 

Laurel will be upgraded for $173.4 million, including a new clubhouse, paddock and barns to house 1,500 horses. A Tapeta-brand synthetic track would also be installed alongside the existing dirt and turf tracks.

 

Funding for the overall plan would come from resources that are already available to Maryland's racing industry. The agreement calls for $348 million in bonds to be issued to pay for most of the cost. The Maryland Stadium Authority would issue the bonds and handle construction.

 

Debt service for the bonds of about $17 million per year would be paid off over 30 years using money for racetrack improvements that comes from casino revenue, known as the Racetrack Facility Renewal Account. Part of the bill to be considered by the General Assembly would include extending the payments from casinos since the state currently allows them to stop paying after 16 years. Money from the state's horsemen would also be used.



#37 NewMarketSean

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Posted 06 October 2019 - 09:28 AM


In Baltimore city, there are so many more important things to spend $199 million on.


Throwing money at the city’s problems won’t fix them. The city needs people to start doing their jobs and enforcing the laws that already exist to make a difference.


I never had friends later on like the ones I had when I was twelve. Jesus, does anyone?

#38 You Play to Win the Game

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Posted 06 October 2019 - 10:16 AM

Education, just off the top of my head could've used that money. It's the silver bullet, unlike "cracking down on em".

“We have a shot at a wild card right now. But it is not a probability that we're going to win a wild card.” -2022 Trade Deadline

"It's liftoff from here" - after selling on 2022

"We're on a slight upward arc" - Winter Meetings 2022

"I think it's really hard to sit there and chart a course and say, 'We're likely to win the division.'" - Winter Meetings 2022

Mike Elias


#39 SportsGuy

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Posted 06 October 2019 - 11:09 AM

Do we know how much money the Preakness generates for the city?

#40 BSLChrisStoner

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Posted 06 October 2019 - 11:13 AM

Do we know how much money the Preakness generates for the city?

+/_ $35M annually.

Estimates of +/_ $50M with new track.




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