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Delegation hears warning that 5 Star equestrian festival faces funding crisis; options include state support
Summary
Officials told the delegation that the Stadium Authority's Sports Corp ran an almost $1.5 million deficit, disbanded, and that the 5 Star event at Fair Hill faces uncertainty; the Chair discussed proposals to add $200,000 annually to existing $100,000 purse funding and temporary state oversight options to keep the event running this year.
Delegation members were briefed on financial problems affecting the 5 Star equestrian event at Fair Hill after the Stadium Authority's Sports Corp amassed a near-$1.5 million deficit and was unable to make payroll. The chair said the Sports Corp has effectively been disbanded and that some Stadium Authority members resigned.
"It's not something we wanna…
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