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.


Early Voting Numbers In Tennessee Up Over 19,000 For 4 Days

Early voting numbers in Tennessee are up over 19,000 after four days. Hamilton County up 1,974 -helped with the increase. There were 3,949 after four days in August 2010, and 5,923 currently. Bradley County is down 690 and Rhea down 197. Marion County is up by 74. Kerry Steelman, administrator of elections, said, "It's exciting to see these numbers. This is the kind ... (click for more)

Latest Jail Booking Report From Hamilton County - And Mug Shots

Here is the latest jail booking report from Hamilton County: ADAMS, JOSEPH LEBRON 1209 INDIAN AVE APT A ROSSVILLE, 30741 28 Chattanooga VIOLATION OF PROBATION (DOMESTIC ASSAULT) ALLEN, TONEY TYRONE 1011 E 8TH STREET CHATTANOOGA, 37403 25 Chattanooga POSS.A FIREARM DURING COMMISSIION OR ATTEMPT TO CO DRUGS GENERAL CATEGORY FOR RESALE TRAFFIC CONTROL DEVICE VIOLATION ... (click for more)

Pickle Ball? - And Response

Collegedale has done some wonderful things for its residents.  The Greenway is a perfect example of money well spent on helping to give her residents the opportunity to improve their lives, at least from a health standpoint. Having taught at Wolftever Creek for a decade plus, I was fortunate to have opportunity to take my classes on walks from time to time.  It provided ... (click for more)

Roy Exum: Say It Ain't So, Larry Joe!

Larry Joe Wheelon, the tainted horse trainer who was charged with 18 counts of aggravated animal cruelty when his barn was raided in April of 2013 and some animals were sored so badly that they could barely walk, finally went to a court hearing in Blount County on Wednesday and his steps toward Judge Tammy Harrington’s bench were decidedly heavy. My goodness, yours would have been ... (click for more)

Stone Leaves South Pitt For Coaching Positions At Boyd-Buchanan

The possibility of a career move was definitely in Wes Stone’s future. The one he took wasn’t necessarily on his radar screen just a few weeks ago. Stone, assistant football and head baseball coach at South Pittsburg, has left the Pirates for teaching/coaching positions at Boyd-Buchanan. The 38-year-old Stone, who already is working with the Bucs’ football team as a defensive ... (click for more)

Soddy-Daisy's Wright Commits To MTSU Baseball

Soddy-Daisy’s Andy Wright, a rising senior and dual-threat player, has made a non-binding verbal commitment to play baseball at Middle Tennessee State University. Wright, a pitcher/third baseman, chose the Conference USA Blue Raiders over Belmont, Air Force, Navy, UT-Martin and Carson-Newman. “I’m glad to get this (decision) off my back so I can enjoy my senior year,” Wright ... (click for more)