Tuesday July 24, 2007  

By Phil Smith                                                                                                

Here we go again! The Waterford Speedbowl, thanks to the non payments of property owner Terry Eames, is scheduled to go up for foreclosure this coming Saturday, July 28. A sign posted on the property frontage indicates that the sale will take place at high noon. Anyone interested would need a $300,000 bank or certified check to participate. A year ago the Washington Mutual Bank filed a lawsuit claiming that the track's owner, Terry Eames, had failed to make payments on a $1.7 million loan held by the Seattle-based savings bank. The lawsuit, Washington Mutual vs. 1080 Hartford et al., has continued through this year, with several legal motions occurring during April and May. Eames has also failed to pay the town of Waterford more than $185,000 in taxes owed dating back to 2003. Eames is smart as he has shielded himself by an LLC titled 1080 Hartford Road LLC, a reference to its street address. In other words if he does lose the property he can walk away and thumb his nose at those he owes.

Eames, who bought the race track in 2000 had all but run the facility into the ground when he leased the track to a new company called The New Waterford Speedbowl LLC, which runs the day-to-day operations. Bill Roth serves as its general manager and Jerry Robinson is its president. Both Roth and Robinson have made an honest attempt to bring the track back as they have made numerous improvements. They still face the stigma created by Eames as they have had problems securing any credit for their business venture.

Eames claims he is about to sell eight acres in the northwest corner of the property to Harvey Industries, a Massachusetts-based window manufacturer that also distributes other building products. Eames may be in for a big surprise as other property owners along Route 85 have been courting Harvey Industries. Eames insists that he has the necessary finances in place, which would lead one to ask how come he has not made any payments in the last 18 months.

The Seekonk Speedway, located just over the Mass. Line on the way to Cape Cod had Open Wheel Wednesday Modified Madness $10,000 to win scheduled for last Wednesday but heavy rain forced a cancellation to September 22.

The 2007 NASCAR Whelen Modified Tour continues on their summer break. The next event will be at the Riverhead Raceway on Long Island on August 4.

The True Value Modified Racing Series traveled to the Oxford Plains Speedway in Maine last weekend. Kirk Alexander started 15th in the 100-lap feature and took the lead for the eventual win with only five laps remaining. Les Hinkley, who started dead last in the 24 car-starting field, finished second. Dwight Jarvis, Pete Jarvis and Lisbon , Ct’s Chris Pasteryak rounded out the top five.

In regular Thursday Night Thunder action at the Thompson Speedway the rains prevailed.

In NASCAR Whelen All-American Series action at the Stafford Motor Speedway Woody Pitkat scored a one-two punch, cleaning house as he won the Coors Light SK Modified 100 and the 30 lap Late Model feature. Alan Provost scored a first career victory in the 20-lap SK Light Modified feature, Sean Foster took down the 20-lap Limited Late Model feature, and Matt Chiarizio scored his first career win in the 15-lap DARE Stock feature.In the 100 lap SK Modified feature Pitkat battled back after changing tires with 22 laps to go. Pitkat outdueled Ted Christopher in the closing stages. Willie Hardie took the lead from the pole, and he led the first 34 laps before contact with Keith Rocco sent him spinning from the lead. Rocco was black flagged for rough riding, which handed the lead of the race to Christopher. Pitkat took the lead from Christopher on the restart, and held the lead until lap-52, when Christopher moved back out front. Pitkat slowly began to lose positions as Christopher began to build a large lead over Eric Berndt, who was now running second. A caution with 79 laps complete erased Christopher's large lead and brought Pitkat to pit road for fresh tires. Pitkat then worked his way back through traffic and avoided several wrecks to find himself in third place behind Christopher for a lap-95 restart. Pitkat moved past Christopher on the restart and then drove away to score the win. Christopher finished second, with Frank Ruocco, Kerry Malone, and Curt Brainard rounding out the top-5. In the Late Model feature Alan Provost scored a first career victory in the 20-lap SK Light Modified feature, Sean Foster took down the 20-lap Limited Late Model feature, and Matt Chiarizio celebrated his birthday in grand style by scoring his first career win in the 15-lap DARE Stock feature.

Pitkat cruised to victory ahead of Jim Mavlouganes, Tom Fearn, Corey Hutchings, and Dillon Moltz, a 16 year-old driver who scored a top-5 finish in only his third start at Stafford .

In NASCAR Whelen All-American Series action at the Waterford Speedbowl Shawn Monahan passed his brother Diego with 9-laps to go in the 35 lap SK Modified feature. The Monahans then set up a moving wall, which shut out Zach Sylvester and Dennis Gada in the closing laps. Other feature winners were Ed Reed Jr. (Late Model), Dwayne Dorr (Sportsman), Danny Field (Mini Stocks), and Steven Intravaia (USAC Ford Focus Midgets).

In TV land this week and for the remainder of the season NASCAR Now on ESPN2 will be in the 6:30pm time slot. This weeks viewing on the Speed Channel begins at 4:00pm on Wednesday with the USAR Hooters Pro Cup Late Models from the Motor Mile Speedway in Radford , VA. Thursday’s action starts at noon with a rerun of last Saturday’s Busch Series NBS 250, which was run at the Gateway Intl. Raceway in Madison , IL ( St. Louis , MO ). The June 30th Whelen Modified Series New England 100 that was run at the New Hampshire International Speedway. Speed goes live on Friday at 1:00pm with NASCAR Live from the O’Reilly Raceway Park in Indiana . Another segment airs at 3:00pm . Live action at O’Reilly continues at 4:30 with Craftsman Truck Series qualifying. The Truck Series Power Stroke Diesel 200 at the O’Reilly Raceway Park in Clermont , IN gets the green at 8:00pm . The action moves to ESPN2 on Saturday at 10:00am for Nextel Cup qualifying for the Allstate 400 at the Brickyard, Indianapolis Motor Speedway in Speedway , IN. NASCAR Busch Series final practice for the Kroger 200 at the O’Reilly Raceway Park on the Speed Channel follows at 1:30 . At 3:30 it’s back to ESPN2 for NASCAR Nextel Cup final practice. Also, at 4:00 it’s NASCAR New England on NESN. NASCAR New England will present features and highlights from the Stafford Springs Motor speedway. Busch Series qualifying on ESPN2 for the Kroger 200 follows at 4:30 . The NASCAR Busch Series Kroger 200 at the O’Reilly Raceway Park takes the green on ESPN2 at 8:00 . Sunday’s viewing kicks into high gear at 11:00am on Speed with NASCAR Race Day, which previews the upcoming Allstate 400 at the Brickyard from the Indianapolis Motor Speedway. At 1:00 the action moves to ESPN for NASCAR Nextel Cup COUNTDOWN. ESPN will also provide live flag to flag coverage beginning at 2:00pm of the NASCAR Nextel Cup Allstate 400 at the Brickyard. Wrapping up the weekend on the Speed Channel is The Speed Report at 7:00pm , NASCAR Victory Lane at 8:00 and Wind Tunnel with Dave Despain at 9:00 .

On the Speedway Stock Market scene last week all three speedway stocks ended the week on a negative note. Speedway Motorsports was the big loser as they dropped 0.92 to 38.73. The International Speedway Corporation dropped 0.42 to 50.13 and Dover Downs dropped 0.29 to 5.99. Nextel/Sprint went up 0.28 to 21.98 while Sun Oil dropped a ton as they went down 7.81 to 76.24. Goodyear was also down as they dropped 1.08 to 34.95. DIRT Motorsports took another big drop as they went down 0.22 to 0.97. The drug sector was down for the week as Pfizer dropped 1.01 to 24.90 and Bristol Meyers-Squib dropped 0.52 to 31.54. The home improvement followed suit as Home Depot dropped 0.48 to 39.39 and Lowes dropped 1.13 to 29.63. The parcel carriers were also negative. Fedex dropped 1.58 to 115.67 and UPS dropped0.16 to 75.01.

That’s about it for this week from 40 Clark St, Westerly, R.I.02891. Ring my chimes at 401-596-5467 E-mail

Phil Smith has been a columnist for Speedway Scene and other publications for over 3 decades.

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