BALTIMORE (AP) - The Maryland Comptroller's office says the state is threatening to seize assets of the company that runs the Baltimore Grand Prix in an effort to get back nearly $600,000 in unpaid taxes.
A spokeswoman for Comptroller Peter Franchot told The Baltimore Sun on Monday the comptroller's office has filed a lien in Baltimore Circuit Court on any property owned by Baltimore Racing Development Inc., which she says is more than a month delinquent.
Jay Davidson, the former chief executive of Baltimore Racing Development, says he thought escrowed ticket money would be used to pay the taxes, and added that he's not sure why it hasn't yet been paid.
The company is late on more than $567,000 in admissions and amusement taxes and nearly $24,000 in sales and use taxes.
Information from: The Baltimore Sun, http://www.baltimoresun.com
(Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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