The trustee for the Cleveland Speedway has filed for court approval to put the area dirt-track racing icon up for public auction.
Jerrold Farinash, bankruptcy trustee, filed the motion to approve the “compromise and settlement, motion to sell free and clear of liens and encumbrances and notice of sale.”
The motion will be heard in U.S. Bankruptcy Court in Chattanooga, July 10 at 10 a.m.
If approved, the Speedway would be offered for public auction on July 24 at 10 a.m., and go to the highest and best bidder as determined by the trustee. The auction would be held at the Speedway.
The motion was filed by Farinash late Monday afternoon.