MAPLE PARK – An auto race track that has served as a regional hub for stock car racing for decades will now be under new ownership.

And the new owners of the Sycamore Speedway say the stock cars will not stop roaring around the dirt track each racing season.

Sycamore Speedway Inc., the business unit operated by the Oksas and Fabrizius families, sold the auto racetrack and the neighboring Country Winners Circle Bar and Grill at the corner of Route 64 and McGough Road, just east of the DeKalb County line, to a new ownership group, identified in public documents as the 50W386 Land Trust.

The speedway, complete with all of its assorted equipment and products, was sold for $500,000 in a transaction recorded on August 3, according to documents filed with the Kane County Recorder's Office. The tavern was sold in a separate, smaller transaction.

Calls to longtime owners of the speedway, identified in state records as Robert Oksas and Carol Fabrizius, were not returned Friday.

However, Michael Coghlan, a Sycamore lawyer whose firm serves as trustee for the Sycamore Speedway's new owners, said patrons of the racetrack should expect few changes.

"This is a sale that is intended to enhance the operation," Coghlan said.

He said the new owners intend to keep the Speedway open and to continue its operations, as before.

Coghlan said the sale did not come as a result of any financial distress on the part of the sellers. He also said he did not believe the sale price represented anything less than the fair market value of the property.

"This was a fair-market, arms-length transaction," Coghlan said.

Rather, he said the sale was the result of what he called "a natural progression of business."

The sellers had owned the business for more than four decades.

Coghlan would not discuss the identities of those within the new ownership group. However, he said the sale of the Speedway is more than just a fresh infusion of cash from investors.

"This is a complete and true change in ownership," Coghlan said.

Coghlan also said that the Bob Jo Cycle Company, a motorcycle and ATV dealership located on the grounds of the Speedway, would continue operating on the site.