YAKIMA, Wash. -- The property that’s home to the Yakima Speedway and Yakima Ice Rink is on the market again following the demise of a proposed multi-use development, owner Ted Pollock said Wednesday.
Pollock said he’s in the process of re-listing the 46-acre property with Yakima-based firm Keller Williams Realty. The asking price will be more than $9 million.
The real estate firm’s national reach will be an asset in widening the pool for potential buyers, Russ Roberts, the Keller Williams Realty agent.
Pollock said his goal is to find a buyer to purchase the entire property. He is not particular about the use once it’s sold.
“I’ve been there 51 years,” he said. “It’s been long enough.”
A deal for a multi-use development with a group of developers for Sun Square Yakima has been dead for several months, Pollock said. The group had announced the development last fall and had planned to close on the purchase in January. That never happened.
“I lost income during that period,” he said, referring to the months the Speedway wasn’t in operation. “It was a disaster for me, too.”
Pollock, 84, inked a last-minute deal with Ron Bennett of Ellensburg and Yakima business owner Doug Bettarel to lease the half-mile oval racetrack. The 2018 season will start on July 4. Bennett said he also has the option to lease for the 2019 season, depending on the property’s status.
Bennett said he’d also like to find a group of investors who will ensure the property will remain a racetrack.