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Maryland Governor Wes Moore’s administration has matched an $85 million offer from Churchill Downs to acquire the intellectual property rights to the Preakness Stakes. The acquisition, financed through tax-exempt revenue bonds issued by the Maryland Economic Development Corporation, ensures state ownership of the race…
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Maryland Government Matches $85 Million Bid to Secure Preakness Stakes Intellectual Property Rights Maryland Governor Wes Moore’s administration has matched an $85 million offer from Churchill Downs to acquire the intellectual property rights to the Preakness Stakes. The acquisition, financed through tax-exempt revenu... Read the full IIPLA article: https://iipla.org/news/maryland-government-matches-85-million-bid-to-secure-preakness-stakes-intellectual-property-rights