take "immediate and exclusive custody" of the speedway from co-owners Hillenburg and Bill Silas, who were reported to owe $4.5 million to the bank. Vets-Help.org, a non-profit organization, acquired the track and proposed a residential complex for returning and disabled veterans nearby as well as other related support services. However, Vets-Help's lease of the track would be terminated in 2016. In 2016, Level 1 Motorsports announced the creation of the X-Cup Series, which expressed plans to run a ten-race schedule at the track, two of which would be run on the infield road course. This turned out to be a scam and it ripped off both car owners, drivers, and the veterans group they claimed to support. However, the track was foreclosed on in July 2015 because of outstanding debt that Andy Hillenburg had accumulated after his purchase of the speedway. On May 16, 2016, BK Rock Holdings purchased Rockingham Speedway at a Richmond County Courthouse auction for $3 million. 2018–present Rockingham Properties LLC is the owner of the track, having purchased it on August 30, 2018. Four days after the purchase, the company announced that racing would be returning to the track in some form in the near future. In his 2019–2021 budget recommendation, North Carolina governor Roy Cooper proposed $8 million of state money to renovate the facility, which would be renamed "The Rock Speedway and Entertainment Complex". On December 12, 2020, MB Drift (formerly the Myrtle Beach Drift Series) hosted a drift event at Rockingham Speedway, helping to bring new life into the facility. This event attracted the attention of Formula D Pro 1 driver Jonathan Nerren, as well as Pro 2 driver Cory Talaska, and 40+ local grassroots and Pro-Am drifters. MB Drift has 10 events dates set for their 2021 season at Rockingham. Stock car racing was planned to return to Rockingham in 2021, with the CARS Solid Rock Carriers Tour planned to race on November 6. The race, dubbed the LeithCars.com Presents Race the Rock 125, was cancelled due to a tire shortage by Hoosier. On November 18, 2021, North Carolina Governor Roy Cooper signed the 2021-2022 North Carolina state budget, which allocated $40 million of tax payer money for three race tracks: Charlotte Motor Speedway, North Wilkesboro Speedway, and Rockingham Speedway. The plans of use of the funds according to Rockingham Speedway and Entertainment Complex's vice president of operations Justin Jones, “We intend