Prologis, a California-based real estate investment trust (REIT), recently informed the Maryland Racing Commission it will not move forward on its deal to purchase Rosecroft Raceway in Towson. The company had a preliminary agreement with the Maryland Jockey Club (MJC) to purchase the harness racetrack for an undisclosed amount, pending the results of due diligence.
MJC Acting President Mike Rogers said, “The deal has been terminated. As of now there is no deal to sell the racetrack. They didn’t agree to extending due diligence.”
MJC officials said the offer from Prologis was unsolicited.
Rosecroft’s 2022 fall meet will begin September 20 and run through December 22, for a total of 27 racing programs. The 2023 winter-spring meet will begin in mid-January. Races will be held Tuesdays and Thursdays weekly, except on Thanksgiving Day, with the first post time at 7:15 p.m.
The MJC and the Cloverleaf Standardbred Owners’ Association will start talks soon for a new contract, since their current contract will expire this year.
