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Quaker City Raceway sold at auction



Published: Thu, October 21, 2010 @ 12:09 a.m.
Place:Quaker City Raceway

10359 W. South Range Road, Salem

By D.A. Wilkinson

wilkinson@vindy.com

SALEM

Quaker City Raceway will continue under new management.

Dan Swindell, the owner, sold most of his property at an auction.

Norman Fox, the owner of Fox Auto Salvage & Parts in Malvern, bought the property for $460,000.

Fox said Wednesday one of his children was trying to create a new web site for the strip. The new name is Quaker City Motorsports Park.

He said he may create new entrances off of state Route 62 or state Route 165.

He said he would also fix problems with the men’s restroom and give the strip “a little bit of freshening up.” He said he would also improve a play area for kids.

Fox said he planned to meet with the drag strip staff and get their ideas.

Swindell, who had run the racetrack for 11 years, had tried for years to sell the property at 10359 West South Range Road with no success.

Swindell said he sold 160 of the 182 acres. He kept his house, shops, a barn, and an oil well.

He also kept buildings where for storage of boats and other vehicles during the winter.

Still, he said, “It’s time to kick back.”

He said he had no regrets.

“I want to thank everyone who came to participate and a group of dedicated employees,” he said.

The land that was purchased by Fox is part of a referendum that will be on the November ballot in Salem. Mayor Jerry Wolford was the agent for an annexation of land in Perry Township in Columbiana County and Green Township in Mahoning County.

Although a court approved the annexation of the 99 acres, residents successfully circulated petitions to have placed it on the ballot.


Comments

1mrgransport(1 comment)posted 3 years, 11 months ago

As a racer that has been going to Quaker City since 1964, thanks to Norm Fox for saving a track that has been a big part of my life for 46 years.

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2Kc2006(2 comments)posted 3 years, 11 months ago

Cracks me up how swindler...I mean swidel kept refusing offers 3 times what it actually sold for. Glad greed finally beat him

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3Overtaxed_Voter(14 comments)posted 3 years, 11 months ago

I wonder if the $460,000 bid will actually be anywhere near enough to cover the balance of the current mortgage on the property?

Remember, it was Swindell who, back in 2006, claimed to have $3 million in the property .

How much of that was financed and how much was cash from Dan's pocket?

It is fine and dandy to have an 'absolute auction' where "This property sells without reservation to the highest bidder", but unless you clear up the encumbrances on the property, you can't pass deed and title.

Wasn't this the big glitch that came up when Mark Mazzant had supposedly purchased the facility from Dan back in 2007?

http://www4.vindy.com/content/local_r...

Don't forget, the auction's "Terms on Real Estate" stated "15% down day of sale" with " balance due upon delivery of deed and title guarantee."

According to the Mahoning County court website, there is a little matter of a HUGE Certificate of Judgment that Sky Bank (the folks who called Dan's note in the Fall of 2006, forcing the first QCR auction attempt) have against Daniel and Patricia Swindell http://courts.mahoningcountyoh.gov/pa...
which might throw a big monkey wrench in the ability of property title to pass to Mr. Fox.

In addition, there is still also an active civil case in Mahoning County involving Ecks Racing Inc suit against Quaker City Raceway Inc. et al over the contract between the two parties a few years ago to sell the track http://courts.mahoningcountyoh.gov/pa...

The devil is in the detail, and this transaction still seems to have some large "details" to still be resolved.

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