By PETER HUSSMANN
Raceway Acres, a limited liability corporation organized by Stan Clement in late July, has completed the purchase of two pieces of farm ground auctioned by the Beukema family earlier this year.
Land records filed last week show that Susan Beukema Blanchard of Des Moines, Pamela Beukema Hulme of Aurora, Colo., and Mary Beukema Harms of Stevensville, Md., agreed to sell their joint tenancy of the two parcels adjacent to the Iowa Speedway for $70,066.67 each.
State records show that Clement organized Raceway Acres as a corporation on July 24, about two weeks after the Beukema family auctioned 262 acres of farm ground that had been in the family for more than 60 years.
At the auction, Des Moines real estate developer Al Rivers placed a $10,000 per acre bid for the purchase of approximately 20 acres of ground contained in two lots located south of the intersection of Iowa Speedway Drive and Interstate 80.
At a Newton City Council meeting two years ago, Rivers presented design plans for what was being called Iowa Speedway Village, an area of ground immediately east of Iowa Speedway Drive south of the interstate and south of Rusty Wallace Drive.
Rivers told the council he had been working with land owner Stan Clement to put together the concept plan that included a wide array of possible developments, including a water park, retail, lodging, fast food and light manufacturing.
Also last week, Raceway Acres took out a $127,860 mortgage with Great Western Bank in Newton to finance the purchase of the Beukema property. The mortgage was signed by Stan Clement, Lucas Clement and Tyler Clement as members of the Raceway Acres limited liability corporation.
The Clement family purchased the majority share of Iowa Speedway from Manaco Corp., and Manatt's, Inc., in the summer of 2011. The sale is in litigation.