Pimlico Racecourse redevelopment set to begin next year

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“Old Hilltop” is long overdue for a facelift. In a strange twist of fate, Pimlico’s redevelopment schedule is benefiting from economic uncertainty. Two years have passed since the General Assembly passed legislation to fund improvements to Pimlico Racecourse through the sale of bonds.| 11 TV HILL: Future of Preakness, Pimlico, Park Heights Citing high inflation, rising interest rates and supply chain issues driving up construction costs, state lawmakers passed this year legislation that makes Pimlico renovations a priority over improvements to Laurel Park. Authorities said the Laurel facility has faced many costly and unexpected challenges, and state law that allows to the Maryland Stadium Authority to use $375 million in bond sales to fund track improvements may not be enough to pay for both. “Pimlico is pretty close to the original concept plan. It hasn’t changed all that much,” said Gary McGuigan, executive vice president of the Maryland Stadium Authority.| RELATED: Park Heights Set to Win Big Under Plans Pimlico Architectural firm Ayers Saint Gross’ design concept includes rotating the track 30 degrees, we’re building roads around it and bringing utilities to it, so it becomes much more desirable plots for community development. “Said Glenn Birx, Vice President of Ayers Saint Gross. According to the Maryland Stadium Authority, construction is expected to begin in late summer 2023. The following year, crews will tear down the permanent stands. In 2025 , Crews will demolish the clubhouse.A new clubhouse is expected to be built in 2026, by which time all renovations are expected to be complete.11 TV Hill video below: Improving P imlico for the future (May 2021) construction. “The Preakness will stay in Baltimore,” McGuigan said. There is a proposed picnic area, pond and boardwalk. Restaurants overlooking the track, pedestrian bridges and additional tunnels are also being discussed to prevent visitors from coming into contact with the track. Up to 10 agreements — including transferring ownership of Pimlico to the city — must be signed before the Maryland Stadium Authority can sell bonds to fund the project. Community input will be solicited in late summer.11 TV Hill video below: Transforming Pimlico’s impact on Park Heights (October 2020)

“Old Hilltop” is long overdue for a facelift.

In a strange twist of fate, Pimlico’s redevelopment schedule is benefiting from economic uncertainty. Two years have passed since the General Assembly passed legislation to fund improvements to Pimlico Racecourse through the sale of bonds.

| 11 TV HILL: The Future of Preakness, Pimlico, Park Heights

Citing high inflation, soaring interest rates and supply chain issues driving up construction costs, state lawmakers this year passed legislation that makes Pimlico’s renovation a priority over improvements to Laurel Park.

Authorities said the Laurel facility faced many costly and unexpected challenges, and a state law allowing the Maryland Stadium Authority to use $375 million in bond sales to fund the track improvements may not be enough to pay for both.

“Pimlico is pretty close to the original concept plan. It hasn’t changed much,” said Gary McGuigan, executive vice president of the Maryland Stadium Authority.

| RELATED: Park Heights set to win big under Pimlico redevelopment plans

The design concept by architectural firm Ayers Saint Gross includes a rotation of the track by 30 degrees.

“The reason for doing this is…because when you turn the lane, (the land becomes) available. We build roads around it and bring utilities to it. So it becomes much more desirable plots for community development,” said Glenn Birx. , vice-president of Ayers Saint Gross.

According to the Maryland Stadium Authority, construction is expected to begin in late summer 2023. The following year, crews will demolish the permanent stands. In 2025, the crews will demolish the clubhouse. A new pavilion is expected to be built in 2026, by which time all renovations are expected to be complete.

11 TV Hill video below: Improving Pimlico for the future (May 2021)

And, the Preakness Stakes won’t have to move during construction.

“The Preakness will stay in Baltimore,” McGuigan said.

It remains to be seen whether the football pitches should be located on the indoor pitch pending community advice. There is a proposed picnic area, pond and boardwalk. Restaurants with a view of the track, pedestrian bridges and additional tunnels are also under discussion to prevent visitors from coming into contact with the track.

“There’s only one chance to get it right. It’ll be there for the next 30 to 50 years,” McGuigan said.

No fewer than 10 agreements — including transferring ownership of Pimlico to the city — must be signed before the Maryland Stadium Authority can sell bonds to fund the project. Community input will be solicited at the end of this summer.

11 TV Hill video below: Transforming the impact of Pimlico on Park Heights (October 2020)

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