Trustee: ‘The sooner a sale can be scheduled, the more likely it is that a horse racing season will result’

By Joanna Dodder Nellans

The Daily Courier

The Yavapai Downs horse racetrack is set to go on the auction block Tuesday, April 3.

U.S. Bankruptcy Court Judge Redfield T. Baum will take bids at the hearing in the bankruptcy court building in Phoenix at 10 a.m. Bidders must bring $50,000 cashiers checks as security deposits.

The judge agreed Wednesday with the bankruptcy trustee’s request to expedite the hearing and schedule it 13 days out instead of the usual required 21 days.

“The sooner a sale can be scheduled, the more likely it is that a horse racing season will result, and the more value the real property has to the estate,” the trustee noted in his request.

The track used to open on Memorial Day Weekend.