Grand Prix of Baltimore

Time for Preakness to move on — and out

Time for Preakness to move on — and out

Nostalgia is fun and usually harmless — except when it leads to hundreds of millions of misspent dollars and handicaps the development of an impoverished neighborhood.

Unfortunately, that seems to be where we are headed with Pimlico Race Course, home to the Preakness Stakes, the second jewel in thoroughbred racing’s Triple Crown. Everybody loves the Preakness. Everybody seems convinced it must stay at “Old Hilltop,” not only to preserve tradition but to serve as a key cog in Baltimore’s economy.

Of course, lots of folks also used to think that Memorial Stadium...