Originally Posted by Scott Daloisio:
Ascot actually would have been developed right away. However, it was built on a dump. Once they started digging, they found out they would have to dig down 20 feet and remove all of it if they planned on putting up any larger buildings. The building on the turn one and two (south side) of the property was (may still be) sinking.
Therefore the property sat vacant for a long time before becoming a huge salvage yard. Interesting story. A couple years ago, I had the news on and was paying half attention when a story was talking about a salvage yard getting busted for selling cars that were damaged by Hurricane Katrina. They were selling them without the advising the buyers of the damage. It was the salvage yard built on Ascot.
I remember we raced mx at Ascot after they stopped running the oval track.and I think they tore that bldg down that was sinking. I remember a friend of mine moving out of his office there. Real sad but big money was behind that deal.