We're learning more about the plan to keep the Preakness in Baltimore and build a new, state-of-the-art Pimlico Race Course. The $375 million deal was announced over the weekend as a full-design concept for Pimlico and a funding plan. But this is just the first step. In order to happen, the plan needs a green light from lawmakers in the next session of the General Assembly in Annapolis. The Stronach Group and Maryland's horse racing industry spent months secretly hammering out a deal to preserve the Preakness, tear down Pimlico as we know it, rotate the track and then build a new, iconic clubhouse with event space to keep Pimlico open and running year-round.