By Paul Maryniak | East Valley Tribune
The state of the Bob Bondurant School of High Performance Drive school – which had been generating as much as $6 million a year in revenue only a few years ago – today stands in sharp contrast to what it was in the fall of 2018.
Its plunge into a sea of red ink is documented in thousands of pages of documents in federal bankruptcy court since previous owners Bob and Patricia Bondurant filed for creditor protection in September 2018.
That bankruptcy took a bitter turn after a trio of investors who had formed a company called Stig Investments bought the school for $1.67 million at an auction before U.S. Judge Brenda K. Martin, documents show.
