"Based on our observations, there do not appear to be any situational factors that cannot be overcome with regard to continue hosting the Preakness at Pimlico," it reads. "The facilities do have significant challenges which should be addressed and many of these pose threats to the continued existence of Pimlico and the success of the Preakness. There is, fortunately, an opportunity to address these challenges and continue hosting the Preakness at the Old Hill Top for the foreseeable future."