Rosecroft auction set for Jan. 28
January 19, 2011,from the USTA Communications Department
Columbus, OH — Rosecroft Raceway, which has been in bankruptcy, will be put up for auction on Jan. 28.
According to a story in the Baltimore Sun, a judge approved the auction on Tuesday. Potential buyers can try to outbid Baltimore Orioles owner Peter G. Angelos, the lead bidder.
Angelos agreed to buy the track for $9 million in cash, plus $5 million if a referendum to expand gambling is approved and slots are operational at the racetrack by December 2012.
The sale won’t be resolved until at least Feb. 2, when the bankruptcy judge considers the winning bid.
Related Articles:
- Angelos seeking to purchase Rosecroft Raceway (Wednesday, January 05, 2011)
The Baltimore Sun is reporting that Peter Angelos, owner of the Baltimore Orioles, is attempting to purchase Rosecroft Raceway, will resurrect live racing and will attempt to have the installation of slot machines approved at the shuttered Standardbred track.
- Angelos bid for Rosecroft could face opposition (Thursday, January 06, 2011)
Baltimore Orioles owner Peter Angelos could face competition from other bidders interested in buying Rosecroft Raceway.
- More court filings in Rosecroft sale (Friday, February 11, 2011)
There was more news concerning the sale of Rosecroft Raceway this week.