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Preakness Another Step Closer To Staying In Maryland

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The owner of the Baltimore race track where the Preakness Stakes is run has taken a step to ensure the race stays in Maryland. Magna Entertainment has asked a bankruptcy court judge for permission to auction its horse racing tracks in the state, but with the condition potential buyers would not be allowed to move the Preakness, the second race in horse racing's Triple Crown.

Maryland governor Martin O'Malley says it's good news on many levels for the state. The state threatened to use eminent domain to keep the race in Maryland if Magna sold the track to a buyer that would move the Preakness. Magna called the threat unconstitutional and threatened legal action.

If the judge agrees to Magna's request, the auction date for the tracks would be January 8th.

Matt Bush reports...

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