Summary Other neighbors, who live near Pimlico, also point out the benefits of Preakness over the years and anticipation about the future of it. Gregory Yarberough has gotten used to seeing and hearing renovations underway at Pimlico and imagining the future of the Preakness. Other neighbors, who live near Pimlico, also point out the benefits of Preakness over the years and anticipation about the future of it. “When the Preakness was going on, it was packed over here,” said Clive Owens, who owns a business across from Pimlico. “The Triple Crown has always been a crown in racing, you know, and so people look forward to Churchill Downs.