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Lawmakers to move forward with $375M plan to keep the Preakness in Baltimore

Maryland lawmakers introduced legislation Monday that would authorize up to $375 million in debt to rebuild the state’s two largest racetracks and keep the storied Preakness Stakes horse race in Baltimore.
 
The legislation, sponsored by Sen. Guy Guzzone, chairman of the Senate’s Budget and Taxation Committee, would provide at least $180 million for work at or near the Pimlico Race Course in Baltimore and $155 million at Laurel Park in Anne Arundel County.
 
The legislation is expected to be one of the most high-profile bills of the General Assembly’s 90-day session. A House of Delegates version of the bill, sponsored by Speaker Adrienne A. Jones, is likely to be introduced later this week.
 
“The goal here is to save the Preakness,” said Guzzone, a Howard County Democrat. “It’s to help surrounding neighborhoods. It’s to make Laurel a viable racing venue for the long term. It’s to do so in a fiscally responsible way where we use no funds that would have ever been programmed for education.”

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