: News
By Meymo Lyons
Magna Entertainment Corp. is moving forward with the sale of its Maryland thoroughbred race tracks without an initial bid.
Magna, which filed for bankruptcy protection in March, was scheduled to file a motion Wednesday in federal bankruptcy court in Delaware revealing a so-called stalking horse bidder, which allows the bankrupt company to avoid low bids by setting the bar for the sale process. But now Brian Rosen, an attorney representing the Ontario-based firm, says Magna decided it will bypass the lead bid and proceed to the second round of bidding due December 4th.
An auction for Pimlico Race Track, Laurel Park and the Bowie Training Center is scheduled for January 8th. Potential buyers must agree to keep the Preakness, the second leg of the Triple Crown, in Maryland.
Meet London's Master Architects In Jell-0
London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.Meet London's Master Architects In Jell-0
London duo Sam Bompas and Harry Parr have made names for themselves with their wild, experimental food installations. From pineapple islands and banana vapors to re-creations of famous architectural monuments, their work playfully pushes the boundary of how we experience food.IRS Hearings Highlight Ambiguity Of Nonprofits In Politics
The congressional hearings about the IRS's handling of Tea Party applications for tax-exempt status raise the question of why and how tax-exempt groups engage in politics in the first place.Google Reportedly Faces FTC Antitrust Probe Over Display Ads
The Federal Trade Commission is in the early stages of opening an antitrust probe into how Google runs its online display advertising business, according to a report by Bloomberg News, citing sources who want to remain anonymous because the FTC has not announced the probe.Leave a Comment
Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.
-
Deals For Developers
WAMU investigates city subsidies to developers and campaign contributions from the companies. more >> -
Have A Child With Special Needs?
The Kojo Nnamdi Show is exploring the challenges faced by parents and would like to hear from you. more >> -
Aging and Abuse
With an aging population, elder abuse is expected to increase. We look at the complexities of elder abuse in... more >> -
Half The Battle
A project, produced by journalism students at American University, about young veterans transitioning from... more >> -
Volunteer Recognition
The volunteer of the year award and special projects award are given to a WAMU 88.5 volunteer each year for... more >> -
Yesterday's Dropouts
This series examines the struggles adults face after they leave school without a diploma. more >> -
New Bible
Bill Cain isn't just an award-winning playwright; he's also a Jesuit priest. And he brings the two together... more >> -
Public Insight
Share your knowledge and insights about timely issues with journalists from WAMU 88.5 more >> -
In-Kind Donation Program
By providing an in-kind donation, you may be eligible for a tax deduction, without a cash commitment, and... more >> -
Follow Us On Twitter
To get the latest local stories from WAMU 88.5 News, follow us on Twitter. more >>
