Maryland Matches Derby Bid for Preakness

Maryland just matched Churchill Downs’ $85 million bid to buy the Preakness Stakes’ intellectual property, locking the iconic Triple Crown race firmly in state hands. With a $400 million Pimlico renovation underway, officials say this move protects their investment, preserves racing heritage, and positions Maryland as a powerhouse in horse racing for decades. The cost will be covered by revenue bonds repaid through track earnings — a bold but calculated gamble to keep the Preakness homegrown. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7dc1fbad532d78d8