Cleveland Speedway Sold at Auction

Reported by: Caitlyn Jones
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 7/25/2014 2:59 pm
        The Cleveland Speedway sold at an auction after years of looking for a new buyer.
        The property went for $800-thousand, and the equipment $1,700 Thursday night.
        They were both sold to retired investor Al Chapman from Chickamauga.
        Cleveland Speedway belonged to the Johnson family, but they've been trying to sell it for the past three years after filing for bankruptcy. 
        Heir to the speedway, David Johnson said the process had many bumps in the road.
        "It's been really frustrating.  We've had offers that were turned down, a lot of court time. A lot of trips to the courts downtown and in and out of attorney meetings. So, it's been difficult and then of course it was open for a little bit and closed," said Johnson.
        Chapman said he's not sure yet which direction he'll take, but that keeping it open and operating is an option.
1 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

Phyl5 - 7/24/2014 10:40 PM
0 Votes
Please keep it open!!!!!
Stay Connected with WDEF News 12
What's On TV
1:35AM - 2:00AM
2:00AM - 2:36AM
2:36AM - 3:06AM
3:06AM - 4:30AM
4:30AM - 5:00AM

Over The Air Antenna 12.2
Bledsoe   38
Blue Ridge Cable  111
Charter Scottsboro 192
Charter-Ten Mile 181
Charter-Ringgold  181
Comcast 212
EPB 162
ETC 198
FTC Ft. Payne  13
Optilink (Dalton) 159
Spring City Cable   114
Trenton Tele   14
11:30PM - 2:00AM
2:00AM - 4:00AM
4:00AM - 6:00AM
6:00AM - 6:30AM
6:30AM - 7:00AM

WDEF News 12 This Morning can be seen on WDEF News 12, 5-7am and on Bounce TV Chattanooga, 6-8am.

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.