Owners have three days to sell the historic Rockingham Speedway or agree to auction off the property in order to avoid foreclosure. The clock is ticking on Superior Court Judge David Lee’s October consent order, which set a Thursday deadline for the signing of a sale or auction agreement on the former NASCAR track. The speedway must change hands or go on the auction block by March 15. Unless a last-minute extension is granted, the Oct. 14 consent order calls for a sale or auction agreement to be signed on New Year’s Day. As of Monday afternoon, no legal filings in the case had been added since October, according to the Richmond County Clerk of Superior Court’s office. Co-owner Andy Hillenburg said in October he hopes to bring racing back to the Rockingham Speedway with the help of the as-yet-unnamed group of investors. If a private sale falls through, the consent order calls for Hillenburg and co-owner Bill Silas to sign an auction agreement. If neither a sale or an auction is scheduled, the foreclosure complaint is likely to come back before the judge.(full story at the Richmond County Daily Journal)(12-30-2014)
