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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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Live racing returns to the Maryland State Fairgrounds in Timonium for a seven-day meet beginning Friday, August 22, and running through Labor Day, Monday, September 1. The meet, known for its tight five-furlong oval and festive summer atmosphere, continues to be a popular and tradition-rich stop on the Maryland racing calendar.
Fair Hill is moving forward with its plan to offer Thoroughbred racing on its new turf course on Saturday, Aug. 30, and it will mark the first meet in six years at the Cecil County facility.
