There's probably some credibility in that BB. Kathy(Mrs. K's daughter)got a divorce from Tony. He was basically running the track up to that time. To some, Tony could be a real a--hole but he did a fairly decent job in improving the place. They ground and smoothed out the track about 4 years ago. Anyone who ran the right hand lane probably remembers the famous bump there. It was under Tony's guidance that special shows were brought back. Mid west Funny Car circuit was one of the first back in 1990. Then came jets, wheelstanders,Pro Mods,Monster Trucks, nostalgia. They even had a NHRA National open from 2004-2008. After the divorce,Kathy took over running the track andf bad luck just seemed to follow.Several rainouts including two back to back tropical storms that flooded the place and then this year Sandy hit. Car counts were down but that is almost everywhere in this economy. I think one thing that has always plagued Island is the somewhat short shutdown area. Ther really is nothing they can do about it either. They are landlocked on both ends.This year they shortened the track to 1000' for Super Pro only. I don't know how well it was received.
About 10 years ago, a neighboring business tried suing saying part of the property belonged to him but I believe it was struck down in court. As I mentioned, Island is in the low lands and tends to flood with any major storm. Therefore I highly doubt that if it is closed forever that you would see any kind of housing or business development on the property. It would probably revert back to farmland from which it came.