Monday, October 1, 2007

North Carolina Speedway to be Auctioned

Left behind as NASCAR outgrew its regional roots, North Carolina Speedway will be sold to the highest bidder Tuesday.

Where legends such as Earnhardt, Petty and Waltrip once raced, prospective buyers will compete to be the next owner of “The Rock,” which held its last race in early 2004. No minimum bid. High offer gets the speedway.

Three years ago, The Rock sold for about $100 million in a legal settlement. Tax records place the current value at $30 million. Some say it will sell for less than $10 million.

... See the rest of the article by Jefferson George at thatsracin.com

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