Racetrack Developer Files Chapter 11; Land Sale Postponed Again
By: KOLR10 Newsroom
Updated: July 13, 2012
On Friday, the Taney County Sheriff was set to auction off the land owned by Russell and Wanda Cook.
Arvest Bank hadn't received payments from the Cooks so it was awarded the right to sell the land.
However, an attorney for the Cooks says they filled a Chapter 11 bankruptcy Thursday. That puts an automatic stay on any sale.
The Cooks had wanted to put in a NASCAR-style race track on the land. Several neighbors have objected.
Previous Reports:
Checkered
Flag Dropping on Proposed Taney County Racetrack?
Update:
Racetrack Developer Accused of Clean Water Violations
Update:
Sale of Taney County Racetrack Property Abruptly Canceled
Land
Owned by Taney County Racetrack Developer Up For Auction
