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Hawaii Raceway Park going on the auction block on Tuesday, February 2, 2010

First Circuit Court, 777 Punchbowl Street, Honolulu, Hawaii
First Circuit Court, 777 Punchbowl Street, Honolulu, Hawaii

Car racing enthusiasts were devastated when the park closed back in 2006 but this upcoming final blow has got to be one of the hardest to digest.  Many of Honolulu's Baby Boomers grew up with this park and share many memories with both family and friends. 

As dangerous as car racing is, it kept the youth in a legal racing environment and off the streets.  Several recent motor vehicle accidents on Honolulu's roadways have been attributed to the closure of the Park as young racing enthusiasts began to use the public roadways and the H-1 freeway as outlets for their racing abandon.  Kapolei Raceway LLC had all of the intentions of restoring the park to its former glory but was apparently not able to manage the financial needs for this endeavor, despite the lobbying that fans did for its support.  Foreclosure is an ugly word for Honolulu's racing community.

Although the Park is/was located in an industrial area, it seems odd that such a large piece of real estate, a parcel just shy of 66 acres, has been surprisingly off the mainstream media's radar.  Are the lenders trying to keep it low key for fear of less-than-serious investors? Who will show up?  Who will win the bid?  What will they do with the property?  All of this remains to be seen.




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