Yavapai Operator Files for Bankruptcy

The Yavapai County Farm & Agriculture Association, which operates Yavapai Downs in Prescott Valley, Arizona, announced July 13 that it has filed for protection under Chapter 7 of the U.S. Bankruptcy Code.

In a statement, the organization’s board of directors said it would be pursuing various options with parties interested in the property that the YCFAA took over from the Yavapai County Fair Association in 2009.

“While it is with deep regret that we take this step today, it is with great energy and optimism for tomorrow that we approach the challenge of revitalizing this property,” the statement said. “Toward that end, we have entered into detailed discussions with many interested parties, and, in the weeks to come, we will begin discussions with many of the nation’s top business people. They have made known their strong interest in, and their desire to pursue, the opportunities this facility will provide in the future.”