CHANDLER, Ind. (WEHT) After months of uncertainty, Chandler Motor Speedway is officially under new management.
Chandler Motor Speedway has had its fair share of troubles in recent years.
Within the last decade, the track has endured financial struggles that have derailed the track’s once clean image and multiple ownership changes.
Previous owner Reno Fantana pushed to prevent the property from going up for auction, but to no avail.
CMS has long been a local favorite. However, after years of financial issues, the company was in serious danger of becoming a relic of the past.
After its auction last month, new ownership is hopeful it can bring fast speeds and fun back to this old dirt track.”
The track was purchased by UYA Investment Corporation for nearly 400 thousand dollars.
UYA manager Mark Saint Juste purchased the track in hopes of turning the property into a profiting attraction.
“We plan to put about a quarter of a million dollars into the bleachers, lighting. I know a retainer wall needs to be brought up. A lot of stuff to bring the property up to code. Reno mentioned replacing the dirt track with a clay track which would be better for the drivers.”
Despite the new ownership, a familiar place is still attached to the project. Fantana’s new company Movieland Motorsports will manage the property for the owners.
“Reno is a friend of mine. We have a long term relationship. This is a very underutlized prospect. With proper management, this is a success story waiting to happen.”
Saint Juste is hopeful that the track can be brought back to its former glory and economically benefit the town of Chandler
“I think it could bring in major economic benefits to all the businesses around there. The fact it’s been an institution there for 50 years speaks to the viability of it as a business entity.”
The race track is hopeful that racing will return to Chandler as soon as this summer.
(This story was originally published on March 13, 2020)