Published: Friday, June 29, 2007
Quaker City Raceway sale hits bump, falls through
Events last weekend drew thousands of people to the track and to Salem.
SALEM The sale of the Quaker City Raceway by Dan Swindell to Mark Mazzant has fallen through.
Mazzant, of Ellwood City, Pa., confirmed Thursday that the sale is off.
He had agreed earlier this year to buy the drag strip, which has been for sale for several years. Mazzant is also a racer.
When Swindell put the race track up for sale by auction in February, he got no response after asking that bidding start at $1 million.
Swindell has said he has about $3 million in the property.
Swindell could not be reached Thursday.
The track is in its 50th year, and fans were happy that drag racing would continue at the facility in Green Township in Mahoning County.
The future of the track isn't clear. The raceway's Web site says there will be races at the track next Saturday.
Corey Ward, promoter of the Steel Valley Super Nationals, said earlier this week that the super nationals will continue through 2011.
The nationals last weekend drew thousands of people to the track and to events in Salem.
Mazzant said he did not want to discuss in detail why the deal fell apart. He said he and his wife, Tammy, eventually backed out of the agreement.
In May, Mazzant said that he had completed all the paperwork, "to make everything official."
But Mazzant said Thursday that he and Swindell reached an agreement but, "He wouldn't honor it."
Mazzant said he and Swindell had agreed to a rough contract. When that was prepared, Mazzant said, Swindell wanted changes.
Mazzant said Swindell was to provide a second contract but never sent a copy to Mazzant's lawyer.
Mazzant said he and his wife had worked at the raceway for five weeks before the Super Nationals.
He said he would be interested in trying to buy the track at a later date.