County racetrack financials in question. Again
Spokane County Raceway has an oval track, on which people drive very fast in circles, record mileage and wind up where they started.
Which seems a pretty apt metaphor for the raceway since the county bought the property in 2008. The original operator, Bucky Austin, got into trouble with renovations and contractor payments in 2009. The county had to find a new operator and settled with contractors in 2010 for $850,000.
The new operator, Raceway Investments, went through two iterations in ownership/management, and this year's new managing partner said they were going to give the facility a new image. Raceway Investments leases the oval to Full Blown Promotions and this week, as colleague Mike Prager reports in today's Spokesman-Review, Raceway Investments said Full Blown is behind on its rent and said the rest of its season was cancelled. The county announced the change in management for the oval at a press conference Monday.
Most notable line from the press conference goes to Commissioner Todd Mielke: "I stuck my neck out to save racing."
