Heartland Park sale falls through; New buyer steps in

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TOPEKA, Kan. (WIBW)-- Early Tuesday afternoon, CoreFirst Bank & Trust told 13 NEWS that a contract with a Minnesota company to run Heartland Park had fallen through.

CoreFirst CEO Kurt Kuta told us terms with the Minnesota company, International Motorsports Entertainment and Development,, Fell through because of some terms CoreFirst did not approve.

Only a few hours later, CoreFirst put out a release saying a new deal had been reached with Shelby, LLC. and its CO Chris Payne.

Payne's company had been in consideration to run Heartland Park back in August, when the Topeka City Council voted down almost $11 million in STAR bonds designed to but the racetrack, hire Shelby, LLC. to operate it and build commercial venues around track property.

Soon after the first deal fell through on Thursday, Kuta told 13 NEWS there was continued interest in Heartland Park and, then just after 3:30 p.m., CoreFirst sent out a news release that a new contract is being negotiated with Payne's company for the purchase and operation of the racing facility.

The CoreFirst release indicated Payne has plans to make Heartland Park a racing and entertainment venue, which will be, "an asset and attraction for the Topeka community and region."