 Heavy debts and competition from racetracks in Maryland forced the company into bankruptcy.It sold the property at public auction to James Lansburgh, one of its directors, in July 1890 for $133,500 ($ in dollars).On January 7, 1891, Lansburgh sold of the parcel to Howard P. Marshall for $180,000 ($ in dollars), who sold it for the same sum on September 10 to the Ivy City Brick Company.