Sale Delayed Of Cleveland Motor Speedway

Thursday, December 19, 2013

Bankruptcy trustee Jerry Farinash has delayed until Jan. 9 any action on the sale of the Cleveland Motor Speedway property.

He said he was not yet ready to go forward on executing a contract with Chattanooga developer Marcus Lyons to buy the property at 2420 South Lee Highway for $1.1 million. 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. 

Attorney Farinash said, after a brief appearance before Bankruptcy Judge John Cook, that he has had several offers on the 22-acre property. He said 18 acres are at the speedway site and four acres across the road.

He said there has also been interest from some in keeping the speedway in operation. But he said the property is so run down that it would be expensive to both buy it and then carry out needed updates.

He said some of the acreage may be taken for a planned new roadway. He called that a plus for the strategically-located property.

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.


Pair In Stolen Florida Car Arrested In Bradley County After Pursuit

Two people are in custody and a vehicle reported stolen out of the state of Florida has been recovered after a pursuit on Friday evening, according to Bradley County Sheriff Eric Watson. Deputies were able to wedge the stolen car with the individuals inside between two Bradley County Patrol units in the parking lot of the Whirlpool Plant on Benton Pike. The pursuit traveled ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ADAMS, MITCHELL LEE  716 EAST AVENUE CHATTANOOGA, 37411  Age at Arrest: 40 years old Arresting Agency: Chattanooga PUBLIC INTOXICATION --- ANTHONY, CHRISTINA LOREEN  5730 LEE HWY RM 129 CHATTANOOGA, 37421  Age at Arrest: 35 years old Arresting Agency: East Ridge POSSESSION OF ... (click for more)

Shame On The Housing Authority

With Chattanooga and other cities around the nation struggling to find solutions to chronic homelessness it's cruel to evict families likely with children over a fight.   When you evict the adults you're also evicting any and all children in the household.  Intelligence would dictate looking for a root cause. Compassion would dictate looking for alternatives. Both ... (click for more)

Roy Exum: A Great Orthopedic Success

Mark Freeman, the chief of orthopedic surgery at Erlanger Hospital, shared a dazzling look at our area’s Level One Trauma Center Friday morning. Yet, as he described the dramatic changes that have occurred in just the past 12 months, the promise of what will happen within the next year was even more appealing. Believe this, our flagship hospital is getting well in a hurry. “If ... (click for more)

Baylor Beats GPS 6-4 For D-II Softball Title

MURFREESBORO – Oh, what a difference a year makes. The GPS Bruisers came through the losers bracket a year ago and beat Baylor twice after losing the first five times they played, but those two were the biggest as it gave the team in blue a state D-II softball championship. The situation was similar a year later, but the results a bit different as the Lady Red Raiders beat ... (click for more)

Dickson County Ousts Ooltewah, 6-5, In Epic 12-Inning Thriller

MURFREESBORO, Tenn. – For Ooltewah, more heartbreak followed heartbreak. After a tough loss to Wilson Central on Thursday, the Lady Owls fought furiously with Dickson County in an epic 12-inning marathon Friday before the Lady Cougars’ Keely Buchanan laced a game-winning single up the middle to end  the game and Ooltewah's masterful season. Second-ranked Dickson County, ... (click for more)