Developer Mark Vogel's debts on his two Maryland harness racing tracks total about $17 million, according to records from his Thursday bankruptcy filing, and the money owed includes hefty overdue payments to the state, his employee pension fund and two influential law firms.
Vogel placed the approximate value of the tracks at $32.5 million -- a figure his attorney, Ira Wolpert, said was optimistic. Since Vogel's Sept. 13 arrest on a cocaine-possession charge, foreclosure actions have been filed against several of his real-estate projects.
