And Another One Bites The Dust...Goodbye Milan Dragway

69conv said

There are rumors Summit was interested in buying it. I heard Milan was indebted to a pawn shop for about 2 mill and were basically foreclosed. I would imagine the pawn shop would like to recoup their investment. Also the longer they wait the worse condition the track will be in and the more it will cost to bring it back. Don't give up the ship yet.

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now, I don’t want to spread any rumors, but I believe the pawn broker is one of the cfo’s on the board that is trying to reopen it, in an effort to recoup their losses. I also heard that the selling side of this whole deal will not sell unless his daughter is on the new management team, and she is part of the reason that they are so far in debt in the first place. She is the current manager. Not sure if it’s true, but if it is it may never reopen!