PRESCOTT, AZ - Yavapai Downs' new owner says he hopes to open the track on Memorial Day weekend.
The Prescott Daily Courier reports that Gary Miller had hoped to reopen the track this month for a short season, but he still hasn't got the financing.
The track's previous owner shuttered the racetrack in May 2011 because it didn't have enough money to open and eventually filed for bankruptcy.
Miller bought the track by assuming a $5.5 million federal loan and faced the task of trying to clean up the grounds and replace the roof on the 93,000-square-foot grandstands.
Miller says his financing for repairs and start-up costs at the track fell through in February, but he still has several other financing prospects.