BALTIMORE — The Maryland Stadium Authority’s new study recommends demolishing the Pimlico Race Course and rebuilding it for about $424-million.
The idea is to design Pimlico to be the ideal long-term home for the Preakness, and to make it open and available for non-racing events throughout the year.
The multi-million-dollar plan looks to add things to Pimlico like hotels, grocery and retail stores, as well as even townhouses and apartments. The full study conducted by the Maryland Stadium Authority will be released Thursday morning at 9 a.m.
This part of a two-phase study that was first started back in 2016. The first part of the study was released in February 2017 and it found that the physical condition of the facilities present significant challenges. The study doesn’t believe the surrounding neighborhood has a negative effect on Pimlico being the home of the Preakness.
The second phase of this study will identify potential development options that would create an optimal venue for Preakness with year-round non-racing options as well.