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MSA and Medco pivot training plans from Shamrock Farms to Laurel; boards approved LOI and lease amendment
Summary
Maryland Stadium Authority and Medco told the Appropriations Committee they halted work at Shamrock Farms after environmental review flagged a 'fatal flaw,' and their boards approved a nonbinding letter of intent and a lease amendment to pursue negotiations with the Stronach Group for Laurel Park.
Gary McGuigan, executive vice president of the Maryland Stadium Authority, told the committee the authority and Medco began due diligence at Shamrock Farms but discovered costs and environmental issues that made the site infeasible. "We did get a right of entry to Shamrock Farms in March ... and started our due diligence right away," McGuigan said, adding that minimum statutory spend for a training center is $110,000,000 and initial estimates had pushed costs "north of $210,000,000."
McGuigan said the board approved two items the previous day: "one is a…
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