Preakness Stakes
Maryland Stadium Authority agrees to purchase Laurel Park for training
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The Maryland Stadium Authority has reached a tentative agreement to acquire Laurel Park from The Stronach Group, aiming to redevelop the historic site into a premier thoroughbred training facility. This move is projected to save the state around $50 million and secure the future of Maryland's horse racing industry amid Pimlico's redevelopment. The 151st Preakness Stakes will still take place at Laurel Park in May 2026 before racing returns to a revamped Pimlico.
Attendance for the 2026 Preakness Stakes at Laurel Park in Maryland will be limited to 4,800 people due to ongoing renovations. The event, scheduled for May 16, moves temporarily from its traditional Pimlico home, which is being rebuilt. Tickets will be available as two-day packages including the Black-Eyed Susan Stakes.