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During a press conference Monday, Jeff Saunders, a race fan, and Sheri Tarr, who had subleased the oval track at Spokane County Raceway Park, have words with Craig Smith, who operates the Spokane County Raceway complex
Financial losses have triggered a management shake-up at Spokane County Raceway.
Craig Smith, manager of Raceway Investments, said the oval’s operator fell “significantly behind” on rent payments.
Money problems between the private businesses mounted after tight liquor rules prohibited the sale of beer inside the oval race area this season.
Full Blown Promotions, the mother-son business team of Sheri Tarr and Brycen Tarr, ran the oval and held their last race on Saturday. “We are a family that loves racing,” Sheri Tarr said on Monday. “I put a lot of money into it.” Mike Prager, SR Full story.
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The operator of the Spokane County Raceway insists he has no plans to shut down the track or shorten the racing season, and all contractors will be paid for work done at the county-owned facility.
In an interview with The Spokesman-Review after the meeting,
About $2 million worth of construction has been done at the track, and about half has been paid, he said. That includes DiPaolo Painting, a contractor mentioned in a June 30 story, who was sent the second half of his payment by overnight mail after the story ran.
“Our intent is to pay them, and to pay them as quickly as
John Black, an attorney for Clark and Winkler, called
But he was concerned about
County officials will meet Monday with Austin and his staff about notices from contractors for past-due bills totaling more than $1 million for work done this year on the county-owned track. They will also try to determine whether a surety bond was obtained for the improvements, as required by the lease agreement.
“I don’t think I owe anybody over 45 or 50 days,”
But an attorney for two of the major contractors at the racetrack, Winkler Concrete and T.W. Clark, disagreed. John Black said the bills from those companies averaged 60 days past due; contractors only hired him to file liens because they exhausted other avenues and were worried they wouldn’t get paid.
The contractors have notified the county, which owns the racetrack, of that demand for payment. “This is the last thing they wanted to do,” Black said.