Archive for the ‘Bankruptcy’ Category
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Rosecroft Raceway files financial statement
The owners of Rosecroft Raceway filed their financial statement of affairs in bankruptcy court this week and it’s a 127-page doozy.
I won’t bore you with the details (most of it is a long list of creditors, ranging from standardbred horse owners to financial institutions) but here’s the meat of it:Rosecroft Raceway is valued at $9.9 [...]
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Emotions heating up at North Baltimore’s Senator Theatre
An e-mail exchange posted on the Friends of the Senator Theatre blog site caught my attention this morning. On Monday, theater owner Tom Kiefaber wrote an open letter to Councilman Bill Henry and posted it on the site as well. Tuesday, Henry wrote back and his response follows Kiefaber’s letter on the site.
Going on seven [...] -
Remembering the Baltimore Opera Co.
Back in December, the Baltimore Opera Company quietly filed for bankruptcy. It was Chapter 7, the kind a company doesn’t come back from, and later this month, the company will begin auctioning off its assets. At the time of the filing, I sort of kicked myself because going to the opera here in Baltimore was [...]
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Laurel and Pimlico tracks drop in value
Pimlico Race Course and Laurel Park dropped in value last year according to a Securities and Exchange Commission filing this week.
The filing by bankrupt owner Magna Entertainment Corp. said that the company’s audit committee approved a $136 million write-down in the value of the company’s assets including the Maryland Jockey Club (which operates Laurel and [...] -
Boscov’s leaving the Baltimore area
Say goodbye to your local Boscov’s, Baltimore-area shoppers.
The Pennsylvania-based chain filed for bankruptcy Monday and announced it would be closing 10 of its 49 department stores. The hit list includes the stores at the Owings Mills Mall, the White Marsh Mall and Marley Station Mall in Glen Burnie.
Three other Maryland locations will remain open.
So what [...]