Peter Angelos Interested In Helping Maryland Keep The Preakness

Angelos Showing Interest In Helping Maryland Keep Preakness

CRAB CAKES AND HORSE RACING? In Baltimore, Bill Ordine acknowledged "throwing taxpayer money at something seemingly as frivolous as horse racing is a tough sell these days, considering the broad sentiment against public bailouts." But the idea of Maryland acquiring Laurel Park and Pimlico Race Course, as well as the Preakness, and "embarking on a supertrack project in the longer term would be a prudent and far-sighted use of public dollars." However, the Baltimore SUN's David Steele argued the city "needs an arena far more" than a racetrack. Baltimore still is "being underserved by the decrepit, obsolete 1stMariner Arena," and the "possibilities, and revenues, created by a top-notch arena to match Camden Yards and M&T Bank Stadium are plentiful and well documented" (BALTIMORESUN.com, 3/19).

ALL IN THE FAMILY: MEC parent company MI Developments (MID) CEO Dennis Mills Tuesday said that MID "will likely bid on properties still owned by Magna if and when they are offered at auction later this year." The DAILY RACING FORM's Matt Hegarty noted MID's interest in MEC properties "could result in the near total consolidation of Magna's former assets under" MID. Several racing officials who are owed money by MEC this week said that they believed that the "intent of the bankruptcy reorganization was to place the Magna assets under the control" of MID. Both companies are controlled by Stronach (DRF.com, 3/19).

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