MSA approves $48.5M plan for state to purchase Laurel Park | What's next

MSA approves $48.5M plan for state to purchase Laurel Park | What's next

The Maryland Stadium Authority Board of Directors voted to approve a $48.5 million agreement with 1/ST Holdings to purchase Laurel Park, the governor’s office announced Monday. The Legislative Policy Committee will review the purchase plans next, and the Maryland Stadium Authority said it intends to submit the final transaction for approval at a Board of Public Works meeting later this year. The agreement marks the latest phase in the state’s pl…

Gov. Moore Announces $48.5M Deal To Purchase Laurel Park For Maryland Horse Racing Revamp - The BayNet

NOTE: The Office of the Governor shared the following press release: ANNAPOLIS, Md. — Governor Wes Moore today announced that the Maryland Stadium Authority Board of Directors voted to approve a $48.5 million agreement with 1/ST Holdings to purchase the 229-acre Laurel Park to redevelop it into a best-in-class horse training facility. The agreement saves the State of Maryland more than $50 million and marks a strategic realignment of the State’s…