The parent company of the troubled Vernon Downs harness track in Central New York may be days away from going broke.
That's according to federal government officials, who say Mid-State Raceway could run out of money within the next week.
"It is essential that an independent party . . . be appointed as soon as possible" to oversee Mid-State's finances, said U.S. Trustee Deidre Martini in papers filed in federal bankruptcy court.
Investor Shawn Scott, president of Mid-State, sold his 52 percent of the company stock in April to some Florida investors.
But after those investors couldn't get licensed, the stock came back to Scott, bringing him once again the controlling share of Mid-State, which had its license suspended in July and filed for bankruptcy in August.