Huge Preakness Party Coming To Northern Liberties

PHILADELPHIA (CBS) - Folks are setting up in Northern Liberties for the annual "Preakness at the Piazza."

Kristal Souvanlasy with the Piazza at Schmidt's says this event is one of their biggest:

"This is the fourth year, a big party here. All the profits go to the National MS Society."

Several thousand people are expected she says.

And just like they do at the races, Souvanlasy says folks dress up for the occasion:

"They have food, drinks. Bow ties are encouraged with the Preakness Stakes showing on the Jumbotron."

Tickets for Saturday's event are around $75.