By Jessie Burchette
jburchette@salisburypost.com
The nearly 200 acres targeted for development of High Rock Raceway, a world class road racing course, will be sold at the courthouse door Friday morning.
The sale is the latest in a series of financial problems for development planned on the former N.C. Finishing Co. property along the banks of the Yadkin River in Spencer.
A Greensboro veterinarian who paid $25,000 down on a planned townhouse has forced the sale to recoup his investment.
Anthony M. Flores is one of more than 100 people who bought membership in High Rock Race Club that included the right to purchase a townhouse. He went to court when High Rock Properties, the development company, refused to refund his money.
On Sept. 25, Flores received a default judgment in Rowan County Superior Court ordering High Rock Properties be sold to satisfy the lien.
Officials of High Rock Properties did not oppose the judgment which is $25,000, plus interest, attorney fees and related costs, totaling $27,021.
The sale is scheduled for 11 a.m. Friday inside the entrance to the Rowan County Courthouse.
The sale will be conducted by McDaniel Auction Co. acting on behalf of the Rowan County Sheriff’s Office.
The highest bidder will get the property along with all liens and liabilities, which total millions of dollars.
According to county tax records, the 195.8 acres is valued at $2 million.