Speedway sells at auction for $1.62 million

CALVERT CITY, KY -- Kentucky Lake Motor Speedway sold for $1,622,500 Thursday in an auction that attracted 13 bidders from six different states, with J.P. King Auction Company, Gadsden, Ala., managing the sale.

Bidders came from as far away as California and Michigan for the sale, but the high bidder was Sherri Heckenast, a second-generation late-model driver from Frankfort, Ill.

Heckenast purchased the 135-acre racing complex as well as the adjoining 259 acres of commercial property off Highway 24. She said he plans to establish a home in the Paducah area, where she will promote and manage the track.

“We may give the track a new name and make a few changes, but it will continue to offer the same excellent racing and entertainment fans and drivers have come to enjoy,” said Heckenast.

“Given the popularity of this track and the explosion in NASCAR and other motor sports, we expected we’d have a great sale today, and that turned out to be the case,” said Craig King, president of J.P. King.

Bidders gathered at Kentucky Dam Village State Resort for the sale of the track, which in recent years has hosted 32 races a year, including the Commonwealth Cup and the Terry Egner Memorial.

Since its opening in 1997, the 3/8 mile oval dirt track has become a popular spot for fans of open wheel, sprint and late-model racing.

The sale included seating for up to 5,000, a gift shop, 14 rental boxes, a press box, kitchen and concession stands, and restrooms in both the main grandstand and pit area.

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