Want a piece of horse racing history to call your very own? Here’s your chance — the birthplace of 1973 Triple Crown winner Secretariat is up for auction.
The 331 acre property 25 miles north of Richmond, Va., includes the restored 12,850-square-foot Meadow Farm manor house.
The property was purchased in 1973 by The Virginia State Farm, but “the economics never worked out and the property has foreclosed,” according to a news release.
The aution is May 22. Click here for details.
More details: Triple Crown winner Secretariat’s birthplace to be auctioned
Secretariat’s victory in the Belmont Stakes is the most amazing horse race in the history of the universe. Click here for a YouTube video of the race.
Restaurant chain Ruby Tuesday has tried several new ideas to recover from
the Great Recession but the company might be better off getting into the real estate business, a Bloomberg report suggests.
A story on Bloomberg.com says restaurant companies such as Maryville-based Ruby Tuesday and Lebanon, Tenn.-based Cracker Barrel Old Country Store “can make more money selling their own real estate than food.”
“The 10 biggest U.S. restaurants that sell for less than the value of their property, plants and equipment trade at 70 cents on the dollar,” Bloomberg says. The report notes that Ruby Tuesday owns $1 billion worth of fixed assets, “twice its market value.”
Activists investors are taking a hard look at both companies.
Knoxville’s housing market was behind the curve when the housing bubble burst a few years back and sales and prices plummeted. That was a good thing. The regional housing market suffered, but not nearly as much as cities in California, Florida, Las Vegas and other overheated markets.
Apparently the same is true when it comes to the housing market recovery. Sales prices are starting to rise in much of the country, but not in metropolitan Knoxville, according to a report released today by the National Association of Realtors.