The fate of the Rockingham (N.C.) Speedway, which hosted NASCAR events from 1965-2004 and 2012-2013, is yet to be determined.
Andy Hillenburg and Bill Silas, owners of the one-mile oval known as “The Rock,” were supposed to have a sale or auction agreement for the track ready by a court-ordered deadline of Thursday.
But Corey Friedman of the Richmond County (N.C.) Daily Journal reports today that it’s unclear if Hillenburg and Silas had accomplished that task.
A Superior Court judge, David Lee, issued a consent order back in mid-October that required Hillenburg and Silas, by New Year’s Day, to either find a buyer for the speedway or set up an auction to avoid foreclosure.
A North Carolina-based bank, Farmers & Merchants, took Hillenburg and Silas to court over their inability to pay back a loan of more than $4 million on the property.
Attorneys for the owners and the bank held settlement meetings and also met with Lee in late September. That led to Lee putting a hearing of the bank’s complaint on hold so the lawyers could hammer out an agreement.