view raw text
Reveal 2100000 Offer For Wheeling Downs Oval OvalFederal Federal Judge Turns Down Bid By New Yorker for Property PropertyWHEELING WHEELING W Va May 1 A New Yorker has offered to buy Wheeling Downs race track for 2100000 it was disclosed today But Federal Judge Harry E Watkins said the taxseized property of William G Lias is not for sale saleThe The offer was disclosed at a federal court hearing on a proposal by Lias attorneys to consolidate receiverships on properties held by the government pending settlement of government income tax claims totaling more than 2000000 2000000As As far as this court is concerned Wheel ¬ ing Downs is not for sale Watkins said He said he had received a number of let ¬ ters and telephone calls inquiring whether the Downs was for sale but declared he has not issued a sale order He said the track probably would not be sold until the long pending income tax case against Lias is settled settledThurnian Thurnian Hill of Washington one of Lias tax attorneys forwarded the 2100 000 offer to Carol O Schmidt receiver for Wheeling Downs Racing Association The vouldbe buyers name was not revealed revealedWatkins Watkins said an agreement among stock ¬ holders Lias and the government could permit the court to approve sale of the track with government liens then trans ¬ ferred to the proceeds of the transaction But Schmidt said Lias was not interested in such a deal and Homer B Miller a TJ S Justice Department attorney said the government would not request sale of the track unless Lias agreed
