Wheelin g Downs bidding faces fresh bid deadlines
Federal Judge Harry E. Watkins reopened bidding on Wheeling Downs after a June 12 sale. The latest offers ranged from 1.5 to 1.78 million dollars for the half mile track as upset bids may rise. The government receives 60 percent of sale proceeds with the rest to minority stockholders. A next hearing is set for June 28 in Charleston to consider Hazel Park’s 1.7 million offer and further upset bids.
MENTIONED IN THIS ARTICLE
Mgn
Wuecuay
Hazel Park Racing Assn
Detroit
Harry E. Watins
Philadelphia
John B. Kelly
William G. Lias
Watkins
Kelly Group
Charles Meltzer and Associates
New York
Hazel Park
Meltzer Group
Bay State Raceway Assn
Boston
Charles J. Schmitt
House Racing Corp
Pennsylvania
Pittsburgh
Schmitt
Wheeling Downs
Kelly
Lias
James McClure
West Virginia Racing Commission
Yester S
Charleston
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