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State will spend $85 million to retain rights to Preakness, Black-Eyed Susan stakes
Summary by The Southern Maryland Chronicle
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State will spend $85 million to retain rights to Preakness, Black-Eyed Susan stakes
The state said Thursday it is exercising its option to match an $85 million offer to retain the intellectual property rights to the Preakness Stakes and the Black-Eyed Susan Stakes, which were on the verge of being sold to the owners of the Kentucky Derby. Money for the deal will come from tax-exempt revenue bonds to be issued by MEDCO, the Maryland Economic Development Corp., and repaid with revenues from the two signature races, “including wag…
Coverage Details
Total News Sources1
Leaning Left1Leaning Right0Center0Last UpdatedBias Distribution100% Left
Bias Distribution
- 100% of the sources lean Left
100% Left
L 100%
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