Money woes hamper North Wilkesboro Speedway again

NORTH WILKESBORO (Greensboro News & Record) — Volunteers who mowed the grass, installed wiring, worked the gates and otherwise helped their beloved North Wilkesboro Speedway reopen and stage races said Tuesday that the track's latest failure is a problem of money and management.

Alton McBride Jr., president of Speedway Associates Inc., the organization running the track since late 2009 under a three-year lease, announced late Monday night that the speedway is closing because it lacks the money to keep going.

"We lined up some great events," McBride said in a statement. "However, even though we can project positive income from events at the speedway, we do not have the money needed on the front end to make those events happen. In spite of our complete investment in the speedway and in this community, we have run out of money necessary to go forward."