CHANDLER, Ind. (WEHT) – Movieland Speedpark announced on Facebook that it will have to cancel racing activities on Friday night due to rain saturation and driver safety issues with the lights at the track.
The park said racing is still planned for next week, though.
On Thursday, Eyewitness News reported that the park could soon be back on the auction block.
Reno Fontana opened Movieland last month after a two-year hiatus.
Fontana still owes creditors tens of thousands of dollars, and according to federal court records, his bankruptcy was rejected.
The US Trustee never got the required paperwork.
Fontana’s purchase of the track led to the inheritance of liens, which included work from a grinding company.
Fontana declared bankruptcy in March, which stopped imminent action.
Now, Fontana has a short window to re-file for bankruptcy or find a way to pay back his creditors.
(This story was originally published on June 28, 2019)