Highlights
Pimlico Race Course, the home of The Preakness Stakes, opened on Oct. 25, 1870. The horse racing track is located on 5201 Park Heights Ave. in Baltimore. Maryland governor Oden Bowie and friends agreed at a dinner party in New York that a stakes race should be run in the fall of 1870, and Bowie vowed to build a racetrack to host the event. He did just that, and the winning colt was named Preakness. Pimlico is the second-oldest track in the nation, behind Saratoga in New York. The Maryland Jockey Club originally purchased 70 acres of land for $23,500 and built the track for $25,000. The track is one mile loam oval and 70 feet wide. From the last turn to the finish line is 1,152 feet, and the...
Pimlico Race Course, the home of The Preakness Stakes, opened on Oct. 25, 1870. The horse racing track is located on 5201 Park Heights Ave. in Baltimore. Maryland governor Oden Bowie and friends agreed at a dinner party in New York that a stakes race should be run in the fall of 1870, and Bowie vowed to build a racetrack to host the event. He did just that, and the winning colt was named Preakness. Pimlico is the second-oldest track in the nation, behind Saratoga in New York. The Maryland Jockey Club originally purchased 70 acres of land for $23,500 and built the track for $25,000. The track is one mile loam oval and 70 feet wide. From the last turn to the finish line is 1,152 feet, and the area the course is built on is 140 acres. The daily seating capacity is 14,852, but the course can accommodate an estimated 109,398 people for The Preakness. The infield, which is known for its partying scene, can hold an estimated 60,000. The first Preakness Stakes took place on May 27, 1873. It is the second race in horse racing's Triple Crown. Since 1925, the Preakness has been a 1 3/16-mile race. The Black-Eyed Susan, a stakes race named after Maryland's state flower, was first run at Pimlico in 1919. It is traditionally run the Friday before Preakness.
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Judge to hear arguments over Magna profit-sharing deal
A federal bankruptcy judge agreed Wednesday to hear arguments Jan 5. on whether to reject a profit-sharing agreement related to Maryland's two thoroughbred tracks slated to be auctioned early next year. The hearing will be three days before the auction of...Tags: Bankruptcy, Magna Entertainment Corp., Auction Service, Wages and Pensions, Judges
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Preakness Beer Polka
O, by the WayAfter hearing of the Maryland Jockey Club's decision to prohibit Preakness infield spectators/partyers/lunatics from bringing their own beer into Pimlico Race Course this year, we were reminded of an old polka standard, called "In heaven, there is no...Tags: Equestrian, Dining and Drinking, Wine, Beer, and Spirits
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Magna extends bids deadline for tracks
Magna Entertainment Corp. has pushed back by a week the deadline for the second round of bids for Pimlico Race Course and Laurel Park. Bids will now be due Dec. 11 instead of Dec. 4, according to court papers. Magna announced last week that the auction...Tags: Triple Crown, Bankruptcy, Magna Entertainment Corp., Auction Service, Equestrian
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Deadline for Pimlico, Laurel bids pushed back a week
The bankrupt owner of Pimlico Race Course and Laurel Park has pushed back by a week the deadline for the second round of bids for the two Maryland tracks.
Bids will now be due Dec. 11, instead of Dec. 4, according to court papers.
Last week, Magna...Tags: Triple Crown, Magna Entertainment Corp., Auction Service, Equestrian
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Quest for 'stalking horse' fails
The sale of Pimlico Race Course and Laurel Park will proceed without a lead bidder, prolonging questions about the future of Maryland's two thoroughbred tracks. The announcement of a "stalking horse," or lead bid, this week was expected to provide...Tags: Bankruptcy, Magna Entertainment Corp., Pikesville, Financially Distressed Companies, Triple Crown
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Magna seeks extension to reveal bid for tracks
The bankrupt owner of Maryland's Pimlico Race Course and Laurel Park filed Monday a motion seeking to extend the deadline to provide a lead, or "stalking horse," bid for the Maryland assets to Wednesday. Magna Entertainment Corp., which filed for...Tags: Bankruptcy, Magna Entertainment Corp., Financially Distressed Companies, Equestrian
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Former Pimlico owner seeks to keep profit-sharing deal
The former owner of Pimlico Race Course and Laurel Park is fighting to keep intact a profit-sharing agreement that would split any potential slots proceeds with the racetracks' bankrupt owner, Magna Entertainment Corp. Late last week, attorneys for Joseph...Tags: Bankruptcy, Magna Entertainment Corp., Auction Service, Lawyers, Wages and Pensions
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Maryland leaves 2010 racing schedule unchanged
Baltimore Sun reporterThe Maryland Racing Commission today approved live racing dates for 2010 that will continue a program unchanged from last year. "We're maintaining the status quo through the first six months of the year," Wayne Wright, executive secretary of the Maryland...Tags: Equestrian, Timonium, Fair Grounds Corporation
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Magna proceeds with Md. tracks auction without lead bidder
The bankrupt owner of Pimlico Race Course and Laurel Park will move forward with the sale of the two Maryland thoroughbred tracks without naming a lead bidder. Magna Entertainment Corp., which filed for bankruptcy protection in March, decided to bypass...Tags: Triple Crown, Bankruptcy, Magna Entertainment Corp., Auction Service, Financially Distressed Companies
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Md. horse racing commission takes 'status quo' approach for 2010
Members of the Maryland Racing Commission on Tuesday approved the same number of live racing dates and purses for next year that they had in 2009 at Laurel Park and Pimlico Race Course, but they said possible slots revenue could result in increased purses...Tags: Bankruptcy, Magna Entertainment Corp., Tourism and Leisure, Dining and Drinking, Casino and Gambling
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Tracks' potential buyers are raising their hands
The sale of Maryland's thoroughbred tracks and the storied Preakness Stakes began Monday with potential bidders submitting initial proposals for Pimlico Race Course and Laurel Park.
The names of interested purchasers are not made public during the...Tags: Bankruptcy, Magna Entertainment Corp., Pikesville, Tourism and Leisure, Financially Distressed Companies
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Magna's auction concerns state racing group
Members of the Maryland Racing Commission voiced concern Tuesday for the coming bankruptcy auction of Magna Entertainment Corp.'s three in-state racing properties - Pimlico Race Course, Laurel Park and the Bowie Training Center - during their monthly...Tags: Triple Crown, Bankruptcy, Magna Entertainment Corp., Auction Service, Financially Distressed Companies
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