State Government May Need to Save Preakness

Senate president considers options for second jewel in Triple Crown

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Maryland's Senate president said he would support a special session to pass emergency legislation to keep the Preakness Stakes horse race in Maryland.

"It's not only a matter of pride, it's a matter of economic development," Senate President Thomas "Mike" Miller said. 

But it's unclear if that will continue to be the case.

Magna Entertainment Corporation, the company that owns Pimlico, filed for bankruptcy earlier this month. That's raising questions about what would happen to the event if Magna fails to emerge from bankruptcy and sells off its assets.

State officials have to wait and see what Magna does next before acting, Miller told the Baltimore Sun. That may require a special session, since Maryland's current legislative session ends April 13. While the state has the right of first refusal for the Preakness race itself, that would be a last resort, Miller said.

Rebecca Blatt reports...

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