The Maryland General Assembly passed a flurry of bills in the hours and days leading up to the end of its legislative session Monday night, and several of them could have major implications for commercial real estate.

The legislature passed bills to overhaul the famed Pimlico Race Course, to provide financial relief to workers and businesses in the Port of Baltimore impacted by the collapse of the Francis Scott Key Bridge, and to address the state’s housing shortage. The bills will be sent to Gov. Wes Moore for his signature before becoming law.

The Pimlico bill, proposed less than a month before the session ended, tees up a significant redevelopment of the 150-year-old facility that hosts the Preakness Stakes horse race, the second leg of the Triple Crown.

The bill passed in the final hours of the session Monday night, with some legislators expressing concerns that it was rushed, The Baltimore Banner reported. It nevertheless passed with a 105-32 vote.

The bill would have the state take ownership of the race course from The Stronach Group and issue $400M in bonds to finance the transformation of the property and the construction of a new training facility. It would also create a state-run nonprofit to operate Pimlico, but a Stronach subsidiary would retain ownership of the Preakness Stakes.

Moore has expressed support for the bill.

The Port of Baltimore aid package was proposed in response to the March 26 collapse of the Key Bridge, which has temporarily closed the port and created wide-ranging pain for the Baltimore-area economy. The bill was the final one to pass Monday night, just before midnight, prompting balloons and confetti to rain down in the Senate chamber, The Baltimore Sun reported.