Waterford speedbowl??

[stefanikfan]

A coworker heard on the news thismorning that the 'bowl and the rest of the property was up for auction very soon. He didn't get all the details but he did say that potential buyers had to have $140,000.00 upfront.

Any truth to this? I'm sure it's true, but I was under the impression that everything was all good with the "New Waterford speedbowl".

Guess not...

Rob,
aka, Stefanikfan.

[curious]

I heard that the last race is this upcoming weekend. Whether there is any truth to that or not, I don't really know. I found this online:

Tuesday 07/17/07
Speedbowl Faces Foreclosure: Waterford Speedbowl is facing a foreclosure auction July 29, but the track's owners are optimistic they will have finances in place to avoid the sale. Terry Eames, who heads 1080 Hartford Road LLC, said an agreement to sell a portion of the property to Harvey Industries is in the final stages and plans for refinancing the Speedbowl are in place to avoid foreclosure by Washington Mutual Inc. "We will be able to pay off the debt involved in front of the foreclosure in front of the auction," Eames said. "Obviously we wanted to have this done before we reached the point of [the bank] scheduling the auction, but that didn't happen. The court need moves along according to schedule with the foreclosure proceedings. The Hartford Courant-Shawn Courchesne

Here's the link to Shawn's article http://www.courant.com/sports/motorr...,3908334.story

[Howie]

I was at The Bowl Saturday nite and you hear all kinds of stories from gloom and doom to everything will be fine. I guess we will have to wait until the 29th and see how it unfolds. I'm hoping that one of the good scenarios comes true and The Bowl is around for a long time. I was disappointed by the low car counts and half empty pits though. Hopefully things will get back to normal and car counts will built up again.

BTW...good to see you back curious, haven't seen you at the track in a long time.

[stefanikfan]

I was there too on Saturday night. Hopefully they can pull it off. The Speedbowl is my local speedway and I enjoy going to the 'bowl on a nice Saturday afternoon to watch my buddies race, hopefully everything turns out ok but it looks bleak to me.

I saw you there Howie, I wanted to say hi but you were chatting with someone near the burger stand.

Rob,
aka, Stefanikfan

[The Bullfather]

I plan on going there for their wed. show on the 8th if it's still open. I have vacation that week. I wanted to go to Waterford, Thompson and Stafford. Stafford for the 150 Whelen race. Ohhh what a vacation!

[Howie]

I just got word that the Speedbowl auction has been cancelled and that racing at the Bowl is safe for the foreseeable future. Don't have much more info but that sounds like good news to pass along. Watch for more later.

[RGeeProductions]

Thanks Howie for the info.
It is VERY good news.....

[CynthiaTork]

That's without a doubt great news.

[Axel]

awesome! Waterford is my favorite CT track.

[Teds Race Tours]

Awesome news. My friends and I are looking at the Sept TVMRS race at Waterford!!!

[bucket67]

Don't jump the gun everyone.It still isn't official yet that the auction is off.According to Terry Eames on Shawn's blog things look possitive that the auction will be stopped but nothing is definate yet.

[The Bullfather]

Yeah, I get to go!

[CynthiaTork]

According to Shawn's blog this morning, it appears the rumor of the auction cancellation is a false one.

[Howie]

The information I received was from a reliable source. At 8am Wednesday there was a deal made and the auction would be cancelled. By the end of the day someone apparently backed out and the auction was on again. They seem to feel confident that a deal will be made and the auction won't happen. I'll wait until after the scheduled auction time before posting anything again. This situation seems to change hourly. Just hope for a happy ending and Waterford to prosper again.

[The Bullfather]

ugh their holding my up my hotel reservations! I guess I'll have to wait a few days. I haven't been to Waterford Speedway Bowl and always wanted to go and check it out. I know about the track and it's constant left turn, I wanted to catch some kinda show there!