Purchase of Rosecroft Raceway will not move forward

Towson, MD — The company that had a preliminary agreement with the Maryland Jockey Club to purchase Rosecroft Raceway and develop the property has opted not to move forward, the Maryland Racing Commission was told during its Sept. 6 meeting.

Prologis, a real estate investment trust based in California, confirmed in August that it had made an offer to buy the harness track for an undisclosed amount pending the results of due diligence. At that time the company said it would work with Prince George’s County, where Rosecroft is located, on ways to develop the land.

“The deal has been terminated,” MJC Acting President Mike Rogers told the commission. “As of now there is no deal to sell (the racetrack). They didn’t agree to extending due diligence.”

The MJC, which in August said the offer from Prologis was unsolicited, committed to live racing at Rosecroft for the 2022 fall meet, which begins Sept. 20, and the 2023 winter-spring meet that usually begins in mid-January. The MJC and the Cloverleaf Standardbred Owners’ Association are expected to soon begin talks on a new contract as the current one expires this year.

Rosecroft will race Tuesdays and Thursdays (except Thanksgiving) each week with first post time of 7:15 p.m. through Dec. 22 for a total of 27 racing programs.

Meanwhile, Ocean Downs Casino, which wraps up its 2022 meet the evening of Sept. 7, registered increases in total pari-mutuel handle, general manager Bobbi Sample told the racing commission.

Export handle on the signal heading into the final three nights of the season was up $2.4 million, or 40 percent, from 2021. On-track handle was down about $80,000, or 10 percent, from last year in part because the clubhouse dining room that overlooks the track was not open due to staffing issues, Sample said. Overall, total handle on the live product was up 31 percent with three nights to go.

Total purses at Ocean Downs are expected to top $5 million this year after the final night, which features 15 races including four $75,000 Maryland Sire Stakes events for 2-year-old pacers and trotters.

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