The owner of Chandler Speedway plans to waive a green flag again.
The first race in more than two years is set to start this spring.
From the outside looking in, the 55-year-old Chandler Speedway has a lot of work to get race-ready.
And owner Reno Fontana says it’ll cost $125,000.
He says the oval track will start racing in a little more than a month on May 3, 2019.
The first practice is scheduled for April 27, 2019.
He says the drag strip will have its first races in early June.
Fontana filed for Chapter 11 Bankruptcy last week, which halted an auction. It was slated to be sold to pay off debts.
Chapter 11 gives Fontana more than three years to reorganize debt and pay creditors.
He plans to do it within a year.
“We’re on target, everything looks good from our side. People are going to have rumors, they’re going to talk, their own opinions which is fine that’s what the world is made of… but no, it’s all good. We’re 100 percent focused.”
Fontana says he’s putting $125,000 into fixing up the track, including painting, plumbing and new timing equipment.
He plans to rename it Movieland SpeedPark.
Fontana says he plans to submit his repayment plan within the next month, and he feels confident it will be approved.
He says work on the track will start in the next couple of weeks.
(This story was originally published on March 27, 2019)