Preakness Stakes

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Handshake agreement at Laurel Park racetrack for its redevelopment into a premier thoroughbred training facility by Maryland Stadium Authority.
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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.

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