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Renovating Pimlico Race Course could cost $300M

February 24th, 2017 by WCBC Radio

It would cost $300 million to renovate Pimlico Race Course, according to a widely anticipated study to be released Friday afternoon by the Maryland Stadium Authority. The Baltimore Sun reports with a price established for the potential rehabilitation of the aged home of the Preakness, lawmakers and track operators say they're ready for serious discussions about who might pay for the project. Those talks could determine whether Pimlico is a viable long-term home for the state's largest sporting event, one that drew a record crowd of 135,256 and generated $94.1 million in betting handle last year.

The Stronach Group, which owns Pimlico and Laurel Park, won't foot the entire bill, said Tim Ritvo, chief operating officer for the company's racing division.

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