IRWINDALE SPEEDWAY "Will Re-Open April 26th "

[ruddyrid]

hmmmm.....

From the article - http://www.pasadenastarnews.com/news...#ixzz1md9COFQ8



that's less than 10% of PROFITS.... Someone made a ton of money, stuffed it in a bank account, filed bankruptcy to avoid paying out on a personal injury claim, and laughed all the way to an exotic destination. If I were a former employee of Irwindale Speedway LLC, I'd be calling for legal investigations for embezzlement.

+1 on that >_>

[INFO]

"Early reports that the owners thought the land was more valuable for residential or mining are untrue; it was a simple issue that the track was costing more to run than it made. Stokes said, however, that he and track owners have heard from plenty of supporters, “including some names you have heard of,” he said, who have offered to do what they can to keep Irwindale Speedway open."

Read more: http://www.autoweek.com/article/2012...#ixzz1nBfSAhSf

[INFO]

Statement from nu-way industries, inc.

STATEMENT FROM NU-WAY INDUSTRIES, INC.

There have been numerous rumors regarding Irwindale Speedway. Please permit
this statement to provide clarification:

1) THE PERMANENT TRACK GRANDSTANDS ARE NOT (NOR ARE THEY IN ANY DANGER OF)
BEING TORN DOWN. There was a report that the portable, temporary bleachers
outside the first turn were being dismantled. That is correct. Those
temporary stands were rented and the company that owned them was simply
removing their property.

2) THE TRACK WAS NOT BUILT OVER A POTENTIAL MINING SITE, IT WAS A SAND AND
GRAVEL MINING SITE, AND AFTER MATERIALS EXTRACTION, BECAME A MINING
RECLAMATION PROJECT. THE SITE CANNOT BE MINED. There are a set of very
strict rules about the use and development of this sort of property, which
are being carefully followed. In 1993, the City of Irwindale approved the
site to be used as a Swap Meet, and in 1997, approved its use as Irwindale
Speedway.

3) NU-WAY INDUSTRIES, INC. OWNS THE LAND, THE RACE TRACK, AND THE EQUIPMENT
TO OPERATE THE TRACK. An entity called Irwindale Speedway, LLC. leased the
facility from Nu-Way Industries, Inc. On February 13, 2012, Irwindale
Speedway, LLC filed for protection from creditors under Chapter 7 of the
bankruptcy code.

4) BECAUSE OF THE CHAPTER 7 BANKRUPTCY FILING BY IRWINDALE SPEEDWAY LLC,
THE COURT IS IN CONTROL OF THE PROPERTY AT THIS POINT. HOWEVER, NU-WAY
INDUSTRIES, INC. IS ACTIVELY SEEKING A POTENTIAL BUYER FOR THE COMPLETE
FACILITY. A hearing will be held soon in order to return the facility to
Nu-Way Industries, Inc. control.

[INFO]

Scion Racing
23 hours ago

Tony Angelo Drift tC
— with Tony Angelo and Pipe Love Brambila Hernandez at Toyota Speedway At Irwindale.

[INFO]

Irwindale Drag Strip Given The Green Light, Will Re-Open April 26th

http://www.dragzine.com/news/irwinda...en-april-26th/

[Mike Peters]

This is where it started and this is where it will stay.
The House of Drift will never go away.
That place means just as much to me both as a driver and a fan.

If you'd shorten it to 5-7-5 you'd have a nice Haiku there.