Racing at the Nashville Fairgrounds Speedway in 2011 appears to be over, as racing promoter Bobby Hamilton Jr. has canceled the All American 400, originally scheduled for this weekend.
Tennessee State Fair Director Buck Dozier said he received notification two weeks ago that the weekend race wouldn’t be happening. The All American 400 was supposed to conclude the track’s seven-race season.
“He has decided he could not work out a deal with the All American 400,” Dozier told The City Paper, referring to Hamilton. “He just couldn’t work out a financial deal.”
Hamilton, with whom the board contracted to hold racing events through 2012, did not immediately return a voicemail.
In recent weeks, Hamilton had a $750 check bounce that was to go to the fair board for the rental of office space. Dozier said Hamilton immediately paid the board the sum in cash.
Under Metro policy following the bouncing of a check, Dozier said a collections agency enters the picture. Dozier said Metro attorneys are still deciding whether subsequent rental payments are to be made to the agency or the fair board. Thus, Hamilton still owes the board $14,486 for the previous month’s track rental fee.
“We’re still deciding whether he pays us or them, Dozier said. “He’s had the money for over a week to pay that off.”
Dozier relayed what Hamilton told him regarding the check’s bouncing:
“This is what he says. This is his wording not mine: He had merchandise stolen at his racetrack up in Highland Rim. And when it was stolen, he had to have that equipment to race, and insurance wouldn’t pay it off immediately. He went to his bank, and his bank was going to charge too much interest. He swapped banks, and in the process of swapping banks, the check bounced. That’s his story.”
Dozier said he learned the All American 400 would be canceled prior to discovering Hamilton’s check had bounced.