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Irwindale Update: All Hope Not Lost

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  • Irwindale Update: All Hope Not Lost

    We were tipped off to a link today that indicates the company which owns the track and offices wants to see the facility opened and operating again, “as soon as possible.” This report was published by SCV News which is a local news station in Santa Clarita, California. The report states that the company which [...]

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  • #2
    They filed chapter 7 bankruptcy today... that is not good news.
    Means the bank owns it and will sell it to a person or entity who pays the most for it.
    Doing it all wrong since 1966

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    • #3
      I thought the LLC opererating it filed Chapter 7? If a tentent renting space of a commercial building goes belly up and files chapter 7, the bank doesn't get the building it's renting, just the assets inside right?
      Escaped on a technicality.

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      • #4
        Randal, as I understand it you are correct. The people operating the track were NOT the people that own it. I think the reason one of the grandstands got taken down was because it belonged to the LLC running the place and not the owners.
        That which you manifest is before you.

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        • #5
          more good news - http://bangshift.com/blog/irwindale-...ver-track.html
          That which you manifest is before you.

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