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Monumental Racing and Community Development Act becomes law
The Racing and Community Development Act of 2020, which will protect the long-term future of horse racing in Maryland through the rebuilding of Pimlico Race Course and Laurel Park into state-of-the art facilities, was one of many bills Gov. Larry Hogan allowed to become law without his signature May 7.
The legislation, which had broad bipartisan support in the House of Delegates and Senate, calls for the Maryland Stadium Authority to issue up to $375 million in bonds for the projects through a combination of funds from the Racetrack Facility Renewal Account, the Purse Dedication Account, video lottery terminal payments to Baltimore City and money from the Maryland Lottery. The Act will take effect June 1.
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Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
Maryland horsemen have emerged as meaningful beneficiaries of the collaborative dual-state stakes schedule and new bonus incentives, according to statistics covering the period from June 21 through August 23 of this year.
