Horse Thieves

Seizing the Preakness

For more than a century, the Pimlico Race Course in Baltimore has hosted the Preakness Stakes, one of the most prominent horse races in the country. In March, Magna Entertainment, the Canadian company that owns the race and racecourses, filed for bankruptcy. By the end of April, Maryland had passed emergency legislation authorizing the state to seize both the race and the venue to prevent the event from leaving the state.

Maryland pols are still bitter over the loss of the Baltimore Colts football franchise in 1984, when the state tried to use eminent domain to keep the team but acted too late. Not wanting a repeat of the Colts fiasco, legislators rushed the Preakness bill through.

The Preakness franchise has been losing money for years. The state isn’t in good shape either, facing an estimated $1.8 billion budget shortfall. Maryland legislators admit they aren’t sure what they would do with the event and the tracks. The idea, in the words of the Baltimore Sun, was that “it’s better to have the power and not need it than to need it and not have it.” 

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  • Ratko||

    Horse thievery is a hanging offense.

  • abercrombie milano||

    My only point is that if you take the Bible straight, as I'm sure many of Reasons readers do, you will see a lot of the Old Testament stuff as absolutely insane. Even some cursory knowledge of Hebrew and doing some mathematics and logic will tell you that you really won't get the full deal by just doing regular skill english reading for those books. In other words, there's more to the books of the Bible than most will ever grasp.

  • nfl jerseys||


  • nike shox||

    is good


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