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.

Pimlico racecourse will undergo a huge nine-figure redevelopment following next weekend's 150th Group 1 Preakness Stakes, the second leg of the US Triple Crown, which will place the famed track at the very centre of racing in the state of Maryland.