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.



Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: AKHTAB, MALACHI SHAHADA  102 WAYSIDE DR FORT OGLETHORPE, 30742  Age at Arrest: 24 years old Arresting Agency: Hamilton County FUGITIVE (CATOOSA COUNTY GA) ---- ANDREWS, TRAMESHA LASHON  3921 MARIGO DRIVE CHATTANOOGA, 37421  Age at Arrest: 24 years old Arresting Agency: Red Bank ... (click for more)

Stone Charged In Attack On Wife, Who Is Top Aide To Mayor

Robert F. "Bobby" Stone has been charged in an attack on his wife, Lacie Stone, a top aide to Mayor Andy Berke. Stone, 54, is charged with domestic assault and vandalism. In the incident on Friday, police said Ms. Stone called a friend at the police department, saying "her husband was going to kill her." She said they got into a verbal argument that turned physical in a ... (click for more)

Late-Night Harassment By The Signal Mountain Police - And Response (9)

I am writing about the misconduct of the Signal Mountain Police Department. This is a repetitive civil rights problem, systemic within their department, with no hint of remorse or regret or a notion to change, though they have been confronted numerous times.   I live on Signal Mountain. In the last few months, I have been pulled over three times while I was driving three ... (click for more)

Roy Exum: Hot Rod’s Catfish Dinner

It could well be the best part of playing a prank is in the delicious moments until your “fish” takes the hook. So yesterday afternoon, as I tried repeatedly to talk to a man I haven’t spoken to in 27 years, rather than leave my name I popped off the Happy Birthday song in a snappy, loud way and then ended it with a simple, “Call me,” adding my number. John “Hot Rod” Talley spent ... (click for more)

Crosby Huckabay At Heart Of Baylor Softball Success

The Baylor Lady Red Raiders have had incredible success on the softball field in recent years. Baylor is the defending D-II Class AA state champion and has won state titles in four of the past five seasons. There are three seniors on this year's team that has compiled an outstanding record of 34-4, including shortstop Mari Gardner, pitcher Kayla Hughes and first baseman Crosby ... (click for more)

Spring Fling State Soccer Brackets Set

Notre Dame and McCallie are the only area teams to compete in this week's Spring Fling Soccer competitions in Murfreesboro.   In Class A/AA, Notre Dame will play Tuesday at 6:30 in the quarterfinals.  The will face off with CAK. Winners will advance to the semifinals on Wednesday.  The Class A/AA state championship game is set for Friday at 4 p.m.   Notre ... (click for more)