The Southgate News Herald published a story Tuesday suggesting that some assets from Pinnacle Race Course may soon be up for sale.
The story focuses on the appointment of a new Huron Township deputy clerk, but the last few paragraphs are of particular interest….
So far, the department collected more than $55,000 in late taxes. Currently, it is preparing to auction off assets from Pinnacle Race Course and Simply Dave’s.
The township placed orange stickers, dated April 1 and signed by Spangler, on the clubhouse doors at Pinnacle, 18000 Vining Road, for nonpayment of taxes. The Thoroughbred track, owned by Post-It Stables of Jackson, did not reopen for the 2011 season and stopped simulcasting races Nov. 3, 2010.
As of May, Pinnacle owed just under $265,000 to the township for personal property taxes, water bills and state “breakage fees” and just over $1.5 million to Wayne County for real property taxes.
Obviously, there is not a lot of detail there about what would be auctioned off, when it would happen or how likely it is to actually happen. Any speculation on what the auction might entail is just that – speculation – given the half-sentence of information we have. However, if those “assets” include the things necessary to put on the show, like the stripping down of Great Lakes Downs in 2009, that would be a hard setback to overcome on the road to opening the doors once again.
Keep an eye out for future developments.
The Michigan-Bred Claimer 