Magna Entertainment Corp., majority owner of the Maryland Jockey Club, unveiled on Wednesday the first phase of a plan to rebuild Pimlico and Laurel Park from the ground up - grandstands, racing surfaces and stable areas.
Jim McAlpine, president of Magna, said at a Maryland Racing Commission meeting that the initial phase will cost $46 million and include building new stables and a training track at Laurel. That will be completed by December 2005, he said.