"In July, the city began foreclosure proceedings on the track for failure to pay about $790,000 in taxes since 2006, as well as $16,673 in utility bills"
Aaaaaaaaaaahhhh!!!!!!
Also see: State Scratches Lottery Ticket... and Loses
"Revere seeks Wonderland assets in tax dispute" by Matt Viser, Globe Staff | October 25, 2008
The City of Revere filed a motion in Suffolk Superior Court yesterday to seize assets from Wonderland Greyhound Park after officials alleged the racetrack owners failed to make a $250,000 payment in back taxes.
Revere asked the court to issue an order that would include seizure and collection of rents and other income from Wonderland, the latest woes for an ailing racetrack that is threatened under a November ballot initiative that could ban dog racing.
Looking forward to voting on that question.
In July, the city began foreclosure proceedings on the track for failure to pay about $790,000 in taxes since 2006, as well as $16,673 in utility bills. After the city also moved to revoke the track's liquor and parking licenses, the track presented a plan for paying its back taxes.
In August Wonderland agreed to form a partnership with Suffolk Downs and solidify a possible bid for a Boston-area casino. The agreement would give Suffolk Downs an option to purchase Wonderland and the two entities would share financial benefits from future developments at either site. --more--"These guys can't even pay what they owe, and yet are looking to profit off other sites?
Yeah, I will be voting YES to SHUT THESE INHUMANE LOOTERS DOWN!!!
