Anyone else see this?
Didn't even realize the changed the track name to Movieland Speedpark
Multi-Million dollar in upgrades
Adding a 3/8's asphalt track, ect.
Originally Posted by Avon Open Wheel fan:
This sounds like an old rumor that circulated a few years back. Think it was rumored that Priscilla Presley was buying the track. Does seem odd that not much is going on with the tracks web site or Facebook page though.
I remember that rumor. This seems to have more too it. This guy Reno Fontana appears to be the Owner.
Read his Facebook page. He Appears to be the now owner. Red one reply about being a NASCAR Sanctioned or UMP Sanctioned oval. Something about officials visiting the track in 2019.
THE ANNOUNCEMENT IS ON THE GREATER EVANSVILLE DRAGWAY FACEBOOK PAGE.
His company Presleyland Speedpark LLC completed the purchased of the track from Harold & Phyllis Baker on New Years day.
Originally Posted by jim goerge:
II don"t live very far from the track and haven"t heard a thing a bout this. Baker has had it for sale for ever but have never heard a price
I can add some info on this. The promoter for the last 2 years is out. Reno Fontana has come in and made some big promises and plans. The sale of the track is just that PENDING. He claims to have a contract to purchase the property but it has been delayed several times. He has also outlined his financing of the sale which includes selling stock in the track to potential investors and other methods. All of this seems shady at best.
Most of the staff at the track will not be back to work for him if the deal does go through. He has put out a 5 year plan for a $50 million investment in the dirt track, drag strip , and surrounding property. A $50 million investment in Eldora would be tough to pull off so I have no clue how anyone could pull this off at Chandler unless they hit the Powerball.
