The Maryland board has approved a $14.3 million agreement to begin demolishing and reconstructing the iconic but aging Pimlico racecourse in Baltimore, the site of the Preakness Stakes, which is the second leg of the Triple Crown. This decision was made by the three-member Public Works Commission, including Governor Wes Moore, just ten days before the 150th Preakness Stakes scheduled for May 17th. This Preakness will be the last to take place at the existing Pimlico venue before it undergoes redevelopment, with demolition starting shortly after the race.
Governor Moore expressed enthusiasm about the project, highlighting the transformation’s potential to make Pimlico a yearly center of economic activity within the Park Heights neighborhood, a community he has a deep connection to. During the reconstruction, the Preakness Stakes will be held at Laurel Park, located southwest of Baltimore, in 2026, with plans to return to the newly rebuilt Pimlico in 2027.
Craig Thompson, chairman of Maryland Stadium Authority overseeing the new track’s design, stated the goal is to make Pimlico the permanent home for Maryland Thoroughbred racing. He emphasized that Pimlico is more than just a racetrack with a rich history—it is key to attracting hundreds of millions in state investment to Park Heights. Thompson also revealed design plans that include a rolling conservatory in Baltimore’s Druid Hill Park and a new clubhouse that pays homage to the original Pimlico clubhouse with features like a colonnade and rooftop balcony.
Last year, the board approved transferring Pimlico’s ownership from the Stronach Group to the state of Maryland to secure the Preakness Stakes’ future in Baltimore. Pimlico, also known as Old Hilltop, has a storied legacy dating back to 1870 and has hosted legendary horses such as Man o’ War, Seabiscuit, and Secretariat. However, the facility’s age has been problematic, leading to the closure of nearly 7,000 grandstand seats in 2019 due to safety concerns.
The horse racing industry remains a vital part of Maryland’s agriculture and preservation of green spaces, and this redevelopment ensures the sport’s continued presence and growth in the state.
Fan Take: This major investment in Pimlico signals a bright future for Maryland racing, preserving its rich heritage while modernizing the venue for generations to come. For horse racing fans, it means the Preakness Stakes will not only remain a cornerstone of the Triple Crown but will also thrive as a premier event in a revitalized and fan-friendly environment.
