The Baltimore Sun –on a blog post by Hannah Cho – is reporting that a bankruptcy judge gave approval on Tuesday, Jan. 18 for the track, which has been in bankruptcy, to be auctioned to the highest bidder.
Baltimore Orioles owner and attorney Peter Angelos is expected to be the lead bidder. He has agreed to buy the track for $9 million with an additional $5 million added if slots are approved and operational at Rosecroft by December 2012. Other interested parties would have to outbid Angelos and the sale would be resolved sometime around Feb. 2, when the bankruptcy judge considers the winning bid.
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