Speedway in Brandon will be razed if not sold

BRANDON, S.D. (AP) - The owners of Badlands Motor Speedway in Brandon say they will tear down the complex if it isn't sold by the end of the year.

A post on the Badlands' website says the current ownership is already securing quotes to remove and recycle the facility. The purchase price for the former Huset's Speedway is nearly $6.3 million. The website says the property would be returned to its natural habitat once the complex is torn down.

Huset's ran races for more than 60 years before it was acquired and renamed by payday loan operator Chuck Brennan. He bought the speedway in 2015. After South Dakota voters capped payday loan interest rates in 2016, Brennan has worked to liquidate his properties.

(Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)