Georgetown Speedway sold to local investment group

Georgetown Speedway has been purchased by an investment group including Brett Deyo, the track’s manager and promoter for the past five years. 

“The agreement solidifies the future of the Sussex County property for auto racing,” Deyo said in a news release Tuesday night. 

Until now, Deyo, of BD Motorsports Media, had been operating the track under a lease agreement with owner Seacoast Investors. That limited the improvements he could make at the track, he said. 

“The purchase will allow us to seriously evaluate the needs of the facility and make upgrades for the future,” Deyo said. 

He will continue to manage the track. 

The four-parcel property north of Georgetown, surrounded on three sides by Route 113, Speedway Road and Bethesda Road, changed hands Dec. 30, 2021, according to Sussex County records. Seacoast Investments sold the land to Parkada Investments for $1.55 million.  

Parkada Investments’ registered agent is James Parker of Millsboro, owner of Jim Parker Builders. When approached, Ken Adams, owner of several Georgetown businesses including Stockley Materials and Melvin L. Joseph Construction Company, also confirmed his involvement in the speedway purchase.