11/22/2011 5:00PM

Yavapai Downs ordered to be sold as part of bankruptcy proceedings


Yavapai Downs, which was forced to cancel its annual summer meet this year due to a bevy of financial issues, has been ordered sold by a U.S. Bankruptcy Court judge as part of the proposed Chapter 7 liquidation plan. The Arizona track, located in Prescott Valley about 90 minutes north of Phoenix, is made up of eight parcels of approximately 125 acres. It has been assessed at over $18 million.

Prior to the cancellation of this summer's meet, there had been racing in the Prescott area for over a century, most of which was held at the old Prescott Downs. Yavapai was built in 2001 to replace the dilapidated Prescott Downs facility

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