Legislative panel presses pause on Laurel Park purchase

Legislative panel presses pause on Laurel Park purchase

A legislative panel is delaying the proposed purchase of Laurel Park by the Maryland Stadium Authority, asking for a cost-benefit review of the $48.5 million deal that was announced suddenly just over two weeks ago. The Legislative Policy Committee, in a May 4 letter to the authority, also imposed a 45-day delay while it reviews the proposed purchase of the track, which is supposed to be transformed into a state-of-the-art training facility. The…

Report: Legislative Panel to Take a Second Look at Purchase of Laurel

According a report published Thursday by Maryland Matters, the sale of Laurel Park to the Maryland Stadium Authority may not be a done deal. The website is reporting that a legislative panel is delaying the proposed purchase of Laurel by the Maryland Stadium Authority, asking for a cost-benefit review of the $48.5-million deal that was announced suddenly just over two weeks ago. While the development will not affect the May 16 running of the GI …

Report: Laurel Park purchase is paused, will be reviewed

The proposed purchase of Laurel Park by the Maryland Stadium Authority was put on hold after a legislative committee asked for a cost-benefit review of the agreement. Maryland Matters reported that the Legislative Policy Committee imposed a 45-day delay while it reviews the $48.5 million deal, which the stadium authority approved April 20. The pause does not affect the May 16 running of the 151st Preakness Stakes, which moves to Laurel Park whil…