Maryland Governor Martin O'Malley signed an emergency measure on Tuesday that gives the state eminent domain rights over the Preakness Stakes (G1) in an effort to keep the second jewel of the United States Triple Crown in Maryland.On Monday, the General Assembly approved a bill that would give O'Malley the authority to purchase the race.
The Baltimore Sun reported that the House of Delegates passed the bill Monday by a vote of 93-43.
The state senate previously had passed the bill, which would allow O’Malley, through the Maryland Economic Development Corp., to purchase the Maryland Jockey Club’s assets, which include the Preakness, Pimlico Race Course, and Laurel Park.
The Maryland Jockey Club’s owner, Magna Entertainment Corp's bankruptcy proceedings could lead to Magna selling the Preakness as an asset, and the new owner could move the race.
It remains to be seen how the bankruptcy court, the United States Bankruptcy Court for the District of Delaware, will view any eminent domain move at the state level.
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