Miller: State Could Take Over Preakness If Necessary

Maryland Senate President Mike Miller said today the state could build a horse racing track and run the Preakness Stakes, if its financially troubled owner decides to sell the Triple Crown race, the Associated Press reports.

According to AP, Miller said the name of the race has value, and he believes it would be treated separately from the two Maryland tracks owned by Magna Entertainment Corp. The Canadian company filed this month for bankruptcy.

Magna Entertainment owns Pimlico Race Course in Baltimore, the home of the Preakness, as well as Laurel Park in Anne Arundel County.