BUSTI – Stateline Speedway in Busti Town has gone on sale.
The list of the ERA team vice president’s 1/3 mile oval dirt race track was released late last week. Michael McVinney, a Jamestown-based real estate broker, said talks to market the 65-year-old runway began a few months ago and were finalized just before closing on Saturday night.
“The most important thing is that they are not currently planning to close at this stage”, McVinney told the Post-Journal Tuesday. “They want people to take it over and pursue it and maybe add it on for other events. This is really the most important thing.
The current owners are part of JJB Holdings Inc. They finalized the purchase of the Kortwright Road track in late summer 2015 after previously operating the facility under a lease with Seamens Speedway Inc .
McVinney said he has already received phone calls regarding the property. The sale would include 97 acres of land, the property’s buildings and equipment.
The current asking price is $ 899,000.
“There have been calls, and not just locally, but from outside the area”, he said.
The list includes the following summary: “Stateline Speedway… began a quest to find the right people to continue the long tradition of racing in Chautauqua County, New York. They won’t be closing their doors, it’s just a good time to consider the next leg of Stateline Speedway’s legacy. The current owners hope to find the right people who can not only maintain everything that has been created, but also add new excitement and put their own stamp on it.
Improvements were made to the track after it was purchased about six years ago. In addition, McVinney believes that a new owner would have the opportunity to expand the events held on the track, including motocross and BMX races.
The track hosts races until Labor Day.
Stateline Speedway opened on July 21, 1956, thanks to the efforts of Len Briggs, Lloyd Williams, Marv Thorpe, Don Frank and Jerry Frank. Mother Nature had pushed back the opening by two weeks, and although the rain had cast a shadow over that day as well, the sun finally came out and the race was on.
In total, 1,700 spectators showed up to see 22 runners compete for a guaranteed purse of $ 1,500 with $ 300 for the winner. Emory Mahan, of Warren, Pa., Driving a 1955 Chevrolet won this first race.
According to Randy Anderson, president of the Chautauqua Sports Hall of Fame, the track hosted a NASCAR race on July 16, 1958, with a purse of $ 4,200. The NASCAR-sanctioned race drew an estimated crowd of 3,500 who paid $ 3 admission.
However, as Anderson noted in a post on the Hall of Fame website, many of the sport’s biggest names did not show up for the race.
According to an account of the race in The Post-Journal, “Bad luck continued to plague operators at Stateline, who thought they had a full NASCAR show signed, sealed and delivered. However, several top drivers failed to show up. in Raleigh, NC, which opened a salary dispute, would have delayed most of the NASCAR stars who remained in the southern city to continue their fundraising efforts. “
Fritz Seamens bought Stateline Speedway in 1984.
More information on the sale can be found at: https://michaelmcvinney.com/?s=stateline