SOMEONE Needs to Buy Lapeer dragway

[dline]

looks like the guy that was gonna buy isn't, so now its back to Bill.....

[JpMotorsports]

Seems like a messed up situation indeed. I hope the track can survive and move forward

[jsxtreme]

I'm lost. I thought it had a new owner.

[dline]

yep guess he changed his mind, deal didn't go thru

[Sledder]

I read on FB yesterday that the original injunction is still being contested in court. Because the new owner wants to continue as a drag strip, which is a factor on the injunction, a transfer of ownership can’t take place. Sound’s like if he bought it and wanted to do something else with it he could but not a drag strip until the lawsuit is resolved.

Now I’m reading it was a 90 day lease, sale pending on soil sample, that expired and the owner didn’t care to extend the lease. Who knows? Is better than TV though.

[WhiteHawk]

How much is it? I mean, he put millions into it, but is it worth millions? It is a big chunk of land.

-Geoff

[Draco]

Lapeer.....

[twotwoturbo]

seemed to get very messy quickly

[kennyb68]

Huge problem because of zoning. That track from day 1 has been running on agricultural land and never zoned as special purpose use.
Bill had it rezoned as commercial with a stipulation that if its sold it cant be a drag strip anymore.
Alex agreed to a 90 day lease while the lawyers investigated the books.
Lawyers found the zoning stipulation and told Alex to give the keys back to Bill .

[wrath]

Bill hoped no one would notice?