- Published: Wednesday, 01 March 2017 14:29
Maryland Gov. Larry Hogan indicated it could be years before a decision is made on an expensive reconstruction of Pimlico Race Course, home of the Preakness Stakes.
Hogan, who spoke with WBAL radio talk-show host Derek Hunter Feb. 28 about issues such as jobs, ethics reform, and economic development, said the recently released first phase of a Maryland Stadium Authority-ordered study was just a starting point. The study estimates capital improvements at Pimlico would cost roughly $300 million.
“We’re not going to throw money at anything,” Hogan said. “We have to watch every single penny. We’re certainly not going to write a check for $300 million.”
The study was preliminary, with a second phase expected to discuss funding options such as a public-private partnership. It could be completed by the end of this year.
“This is not going to happen overnight,” Hogan said. “It probably will be a couple of years before it’s debated and finalized, and there probably will be more reports.”
Pimlico this year will offer 12 days of live racing, with Preakness week the centerpiece of the meet.