Preakness 150 will be the last time the annual horse race will be held with the existing structures in place before the track is rebuilt on the same site.

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.

Approval for demolition and restoration package, Shamrock Farm acquisition pave way for project to begin following 150th Preakness on May 17