Rockingham to be Sold

The Rockingham Speedway, formerly the North Carolina Speedway, is going to be sold for the second time in less than a decade because its current owners have run into financial trouble. Back in 2012, Andy Hillenburg did what a lot of people thought was impossible and brought NASCAR racing back to a track that it left. The NASCAR truck series came back in 2013, but didn't get a race date this year. NASCAR also cancelled a minor league event there as well. Now we know the track has hit hard times. Court documents now show Hillenburg and his co-owners owe more than $4 million in loans and taxes, and the bank threatened to foreclose. To avoid that, Hillenburg agreed last week to sell or auction off the track. NBC Charlotte was unable to contact the owners on Monday, but court documents say there has to be a sale or auction in place by the first of the year, and a new owner in place by March 15, 2015. Hillenburg paid a little more than $4 million to buy the track at auction in 2007.(WCNC)