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Georgetown Speedway sold to local investment group

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Georgetown Speedway has been bought by an funding group together with Brett Deyo, the observe’s supervisor and promoter for the previous 5 years. 

“The settlement solidifies the way forward for the Sussex County property for auto racing,” Deyo stated in a information launch Tuesday night time. 

Till now, Deyo, of BD Motorsports Media, had been working the observe below a lease settlement with proprietor Seacoast Traders. That restricted the enhancements he might make on the observe, he stated. 

“The acquisition will permit us to significantly consider the wants of the ability and make upgrades for the long run,” Deyo stated. 

He’ll proceed to handle the observe. 

Brett Deyo has been managing and promoting the historic Georgetown Speedway for five years. Now, he's also a co-owner.

The four-parcel property north of Georgetown, surrounded on three sides by Route 113, Speedway Street and Bethesda Street, modified palms Dec. 30, 2021, in line with Sussex County data. Seacoast Investments bought the land to Parkada Investments for $1.55 million.  

Parkada Investments’ registered agent is James Parker of Millsboro, proprietor of Jim Parker Builders. When approached, Ken Adams, proprietor of a number of Georgetown companies together with Stockley Supplies and Melvin L. Joseph Development Firm, additionally confirmed his involvement within the speedway buy. 

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