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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.
Latest Posts
The upcoming MTHA Health Fair at Laurel Park on Tuesday, September 30 will feature hands-only CPR, AED, and Narcan demonstrations—skills that can save lives in critical moments.
The entire Maryland racing community showed its true character today on the backstretch at Laurel Park when quick action from horsemen and officials saved the life of jockey agent Simon Purdy.
