Baltimore's Historic Pimlico Race Course will be demolished after the 150th Preakness Stakes in May as state leaders move forward with a restoration project. Renderings of the new facility were unveiled Wednesday.

A Maryland board approved a $14.3 million contract on Wednesday to begin the demolition and rebuilding of Baltimore's storied but antiquated Pimlico Race Course, home to the second jewel of the Triple Crown,

Final preparations for the long-planned demolition of the Pimlico racetrack this summer will begin soon after next week’s Preakness Stakes.