Chattanooga Developer May Buy Cleveland Motor Speedway

Tuesday, December 17, 2013
Marcus Lyons
Marcus Lyons

A Chattanooga developer may wind up with the Cleveland Motor Speedway property.

According to documents in Bankruptcy Court in Chattanooga, Marcus D. Lyons has a contract with bankruptcy trustee Jerry Farinash to buy the property at 2420 South Lee Highway for $1.1 million.

The deal would have to be confirmed by the bankruptcy judge. A hearing is set for Thursday at 10 a.m.

Mr. Lyons is president and CEO of Lyons Group, Inc. and has been involved in multi-family and commercial real estate over the past several years. 

Before the founding The Lyons Group, he worked as affiliate broker from 2008 to 2012 at Real Estate Partners where he founded the Apartment Placement company Scenic City Rentals which focuses on securing qualified tenants for residential/ multi-family investment property. 

He also acts as co-founder and CEO of BlueStar Properties, a real estate asset management company that currently serves Tennessee and its neighboring states. 

The Cleveland Speedway has been in operation since the early 1950s and has been holding races this aseson.

It was operated at one time by legendary NASCAR star Joe Lee Johnson, who won the first World 600 at the Charlotte Motor Speedway in 1960. 

The 1/3-mile clay oval was operated by Monty Morrow and Ronnie Willkomm from 2004-2011, and Mr. Willkomm is the current owner.

It went into bankruptcy in 2011.



Fort Oglethorpe Arrest Report For Oct. 17-23

Here is the Fort Oglethorpe arrest report for Oct. 17-23: Jorge Zambrano Gonzalez, 37, of 1216 Helena Drive #8, Hixson was arrested October 16 on charges of driving while unlicensed and crossing median. Pedro Sepulveda, 42, of 854 Davis Street, Apt. E3, Gainsville, GA was arrested October 16 on charges of driving while license suspended and crossing median. Jonathan ... (click for more)

Catoosa County Arrest Report For Oct. 17-23

Click  here  for the Catoosa County arrest report for Oct. 17-23. (click for more)

Not Everything Has Been Done To Save Hutcheson

I am a resident of Walker County and I have a personal belief that a hospital ranks equal to other basic services a community should offer (like police, fire, emergency services, school systems, government, etc.). I am not privy to all the management and financial conundrums concerning the feasibility of maintaining and growing Hutcheson, and as a private citizen I don’t believe ... (click for more)

Roy Exum: Pete Carroll’s Philosophy

Pete Carroll, the head football coach of the Seattle Seahawks, has a deep belief that he can change people by simply listening to them and then making suggestions on how they can get what they really want. If the people Carroll who can influence win, Carroll wins, and remember his team won last year’s Super Bowl with his methods.   When asked for example, here is what ... (click for more)

Notre Dame Claims Region 4A/AA Soccer Title

Junior Sofia Olenchek scored twice, including the winning goal in the second overtime (95th minute) period as host Notre Dame defeated crosstown rival Chattanooga Christian 2-1, for the Region 4 A-AA championship Thursday night. In a well-played, physical match, CCS led at halftime, 1-0,  after senior Hannah Henry scored in the 14th minute, but Olenchek's first goal ... (click for more)

Baylor Beats Briarcrest For Shot At Father Ryan, DII-AA State Volleyball Title

MURFREESBORO, Tenn. – OK, Father Ryan.  Baylor’s still hanging around. The Lady Red Raiders stormed past Briarcrest, 3-1, Thursday in the loser’s bracket final at Siegel Middle School and advanced to Friday’s Division II-AA volleyball tournament championship match. The set scores were 26-24, 25-15, 24-26, 25-15. The Lady Red Raiders lost to Father Ryan, ... (click for more)