Miller signs on: Yavapai Downs racetrack sale won’t be official until next week

By Joanna Dodder Nellans

The Daily Courier

The potential new owner of Yavapai Downs has done his part, signing on Wednesday to the $5.5 million deal to purchase the horse racetrack, but the closing has been delayed for as long as a week.

A bankruptcy judge had ordered the sale to close by Wednesday, but bankruptcy Trustee Brian Mullen said Wednesday that the deadline been delayed until Thursday, Feb. 7.

“My understanding is that there are still some details being worked out,” Mullen said. “We have continued the closing date to Feb. 7.”

Potential buyer Gary Miller said he still hopes to reopen the track on Memorial Day Weekend.

Continued:

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January 31, 2013

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Miller signs on: Yavapai Downs racetrack sale won’t be official until next week

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