Pimlico. We're studying it. Again.
At a cost of $265,000, Phase 1 of the Maryland Stadium Authority study stated Pimlico had good bones and could be renovated with parts rebuilt for between $248 and $321 million. Also noted was the surrounding neighborhood not being a negative factor. Several options were offered with site plans and a rendering of a future Pimlico inspired by the iconic Victorian old Members Clubhouse.
In 2018, Pimlico was studied again for the cost of $426,335. The results: Level everything. Start over for $424 million. The inspiration? A horse race through the streets of an Italian town. Recommendations: Relocate the track, no barns, no horses, no history (“The Pimlico plan can be done,” Dec. 13, 2018).
Now we are studying how to pay for it all. The track owner's offer? Zero. This after years of utilizing tens of millions of dollars of slots money for track improvements. But not at Pimlico.
Under the 10-year deal reached in 2013, Pimlico was guaranteed capital improvements, new stables and year round racing and training. Honor the deal.
The stadium authority built Camden Yards. The Orioles pay rent. The authority built M&T Bank Stadium and have an arrangement with the Ravens. The stadium authority owns both facilities. These facilities were paid for with lottery money. Why not Pimlico? If Pimlico's owners don't want to pay, let them rent.
The Preakness draws over 100,000 people due to the historic venue and proximity to Baltimore. In 2018, 48,265 attended Black-eyed Susan Day with a handle of $18.6 million. The following day, 134,487 attended Preakness Day with a handle of $93.7 million. That doesn't include ticket sales, concessions, parking, tax revenues and increased patronage at local businesses.
In 2020, Pimlico will turn 150 years old. Let's hope the next time we study this cathedral of Thoroughbred racing it's for the rich history of its hallowed ground.
Maribeth Kalinich, Arnold