Paradise Valley couple may lose racing school to tribal firm

Bondurant Racing School in Chandler. / Photo by Ray Stern

 

An internationally known East Valley racing school owned by a Paradise Valley couple may be heading for a final ride.

Unless they come up with $245,402 by Friday, Valley motorsport legend Bob Bondurant and his wife will lose the cash-strapped Chandler racing school bearing his name to an economic development arm of the Gila River Indian Community – and lose nearly 80 cars with a total value of more than $9 million.

The Bob Bondurant School of High Performance Driving owes Sun Valley Marina Development Corp. four months in back rent – part of a massive $3.3 million in debt that has driven the operation into federal bankruptcy court since last summer, court records show.

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