- Associated Press - Tuesday, October 21, 2014

ROCKINGHAM, N.C. (AP) - Court records show the owners of Rockingham Speedway have agreed to sell or auction off the track to help avoid foreclosure for default on a $4.2 million loan used to buy the property.

The Daily Journal of Richmond County reports a judge signed a consent order between the owners and Farmers & Merchants Bank, which holds the loan.

Owners Andy Hillenburg of Concord and Bill R. Silas of Stuart, Florida, have until the first of 2015 to sign a sale or auction agreement. A sale or auction must take place by March 15.

Rockingham Speedway opened in 1965, but hasn’t hosted a NASCAR Sprint Cup series race since 2004. A race scheduled for 2013 was canceled, and the track was left off the 2014 NASCAR truck series schedule.


Information from: Richmond County Daily Journal, https://yourdailyjournal.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide