‘We’re gonna enjoy some time off’: Owners of I-80 Speedway ready to slow down

LINCOLN, Neb. (KLKN) – After two decades in business, the iconic I-80 Speedway near Greenwood will be closing its gates and selling all its contents in an auction.

The racetrack, which is northeast of Lincoln, had been in operation since 1994 and was purchased by the Kosiski family in 2004.

Steve Kosiski said his family owns the salvage lot nearby and originally bought the track to expand its business.

He said owning two auto recycling yards and a number of other businesses has made it difficult to continue running the track.

“We have some multiple businesses going on, and it takes up all of our nights, weekends and everything else.” Kosiski said. “It was stressful because you wanted to succeed, so you put a lot of heart and a lot of effort into it, and it took a lot of effort to become successful here.”

The track featured weekly races and events throughout the year, and last May even hosted a rally by former President Donald Trump.

Steve said he and his brother Joe will miss the races and the fans but have kept plenty of pictures and trophies over the years.

While they’re auctioning lots of items, they’ll be keeping at least one: the 1962 Volkswagen bus that was used as a pace car.

Kosiski said they’ll now be focusing more on their businesses and taking time to relax.

“After a while, you gotta stop accumulating all of your time in just work, work, work,” he said. “So, we’re gonna enjoy some time off, we hope, and we still have quite a few races we’ll go to next year.”

He thanked the fans for coming out over the years and supporting them.

“A lot of the big events really brought in a lot of great crowds, good people,” Kosiski said.

The Kosiski family is selling everything through an auction run by the Steffes Group, including track prep equipment, lights, bleachers, concession stand equipment and even the playground.

Chris Richard, a representative of Steffes, said this is a unique opportunity to obtain a variety of items from the track.

“Just because it is a racetrack, doesn’t mean these items are gonna end up being sent to another racetrack,” he said. “They do apply to a lot of other areas as well: might be fairgrounds, might be a school district or softball associations that need bleachers or lighting. So it will be interesting to see who ends up with these items and what use they have going forward.”

To participate in the auction, you must create an account on the company’s website and join the different rings of the auction.

Richard said it’s important to keep track of the pickup times for each item, as most of the smaller items will need to be picked up by the end of next week.

He said some of the larger assets might not have to be picked up until March 31, but it’s the responsibility of the buyer to pick up and move whatever they buy.

Another note: You will have to pay 10% on top of the final bid. But that surcharge won’t be more than $1,000.

Also, if someone bids with less than four minutes left, time on that item will extend another four minutes. You can either bid incrementally, or you can leave a maximum bid, and the system will bid for you.

The auction will begin Monday and will close on Jan. 16.

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