Ringgold will try again to sell property after bidder defaults

By CHRISTINE HAINES

chaines@yourmvi.com

At a special meeting Monday, the Ringgold School Board rescinded action it took at a meeting last week to sell district property known as the Race Track.

The board had accepted a bid of $72,000 for the property at its Sept. 18 meeting, but the high bidder defaulted on the purchase, Superintendent Megan VanFossan said Monday.

The Race Track is a former soccer field located on Park Avenue.

The board voted to put the property up for auction once again, with a reserve price set at $50,000. 

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