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.”