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United States Bankruptcy Court Northern District of New York

In Re: Central New York Raceway Park Inc., – Case No.: 23-30367 – Chapter 11

145 Acres – Located at I-81 Exit Ramp

Spectacular Frontage on I-81

Micron Technology Investing up to $100 Billion in Syracuse Suburb (4.25 Miles/15 Minutes to Subject Property)

172 a/k/a 220 Route 11, Central Square, Oswego County, NY 13036

  • 144.90 Acres
  • Commercial/Public Utilities: Sewer, Electric, and Water
  • Zoning Permits Industrial & Retail
  • 17.5 Miles to Syracuse University
  • 15 Minutes to Syracuse Hancock International Airport
  • 86 Miles to the Closest US – Canada Border Crossing
  • Originally Envisioned/Entitled as a Motorsport Complex
  • Micron Technology Investing up to $100 Billion in Syracuse Suburb (15 Minutes to Subject Property)
  • Potential Empire State Development Program Incentives
  • I-81 Est. Daily Traffic Count of 37,238 Per NYS Traffic Data Viewer
  • Berm Complete along I-81
  • Retention Ponds Installed
  • Previously Approved for an Automotive Raceway
  • Newly Approved Stormwater Remediation Plan (See “Documents” Tab)
  • $14,490,000 Appraised Value (September of 2023)
  • $1,900,000 Minimum Bid

Additional Information:

  • Property Class: 522 – Racetrack
  • Site: COM 1
  • Tax Map ID# 293.00-03-06
  • Central Square School District
  • Annual Real Estate Taxes: $70,899.63

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $350,000 deposit to be approved for bidding.  All items must be received by Maltz Auctions on or before Wednesday August 14th at 4:00 PM.

Auction Date: Online-Only Bidding will open Tuesday, August 13th at 1:00 pm and is scheduled to close on Thursday August 15th at 1:00 pm.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Terms & Conditions of Sale: Sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must deliver a cashier’s check in the amount of $350,000 made payable to “__________________”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 before Wednesday August 14th at 4:00 pm.

Buyer’s Premium: A Six (6%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the successful bidder.


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Documents

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Have Questions? Get In Touch

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Scott J. Bogucki, Esq., Attorney for the Chapter 11 Debtor
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Trustee, Attorney for the Trustee, Auction Company or any of their Agents.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer’s Broker to determine the accuracy of all components of the sale and Property.    Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Property, including without limitation, environmental and physical condition of the Property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.