An internationally known East Valley racing school apparently will get a month’s reprieve from losing its facilities to its landlord.
Valley motorsport legend Bob Bondurant and his wife reached an agreement with an economic development arm of the Gila River Indian Community to extend to April 1 a deadline for paying $245,402 in back rent, according to papers filed in federal bankruptcy court on Feb. 27.
The judge must still sign off on the agreement, but she initially had approved a request by Sun Valley Development Corp. to allow it to take over the track if the back rent wasn’t paid by March 1.
