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.

RELATED: How I'd Bet $100 On The Preakness Stakes 

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.

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