- Associated Press - Friday, July 25, 2014

CLEVELAND, Tenn. (AP) - After multiple years on the market, the Cleveland Speedway has been sold at auction for $800,000.

Retired investor Al Chapman of Chickamauga, Georgia, told WRCB-TV Chattanooga (https://bit.ly/1t3z6Hz) he’s not sure what the future holds for the track, but keeping it open and operating is an option.

The Johnson family has been trying to sell the track for three years after filing bankruptcy. David Johnson says having offers turned down and multiple trips to court have proven frustrating over the years.

Johnson says safety, and addressing the decrepit grand stands would be the first order of business, if racing remains part of the property’s future.

Chapman purchased the track and an adjoining 25 acres.

Along with the property, the equipment at the track sold Thursday night for $1,700.

___

Information from: WRCB-TV, https://www.wrcbtv.com/


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide