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georgep
02-05-2009, 08:08 PM
Tracks are closed for only (2) reasons
1. Not enough money to run it.
2. To much money offered to close it.

Every other reason could be worked out. The EPA has only closed one track directley and that was Freeport Li. (I THINK).
The other tracks where bought out to build on. OR the town was bought out to remove the track to build on that site.

I have no idea what people have in their minds when they go to a race track. They go there to see a race BUT do they understand the cost to make it happen just ONE NIGHT.
Average dirt track is $10,000.00 per race, pavement track is around $6,000.00 per race.
The above is NOT including the purse for the night.
Expenses are for help, concession food, electrical, water, sewer phone, insurance, land payment, taxes, up keep, safety people and police help. The dirt track you must fugure 4 nights for track prep, and the person to do that.
I might be a little LOW on those numbers BUT the track I almost bought would have been a $11,000.00 per night nut to crack. It was dirt.

Racerchaser
02-05-2009, 08:28 PM
Which track was that George.................

But it still goes back to kinda what I said, You can't run 6 to 8 classes a night with 6 to 8 cars in each class, and some with less then that and 200 people in the stands, because the others that aren't there,didn't want to get home at 3:00am.

It takes deep pockets to run a race track year after year. It's a lot like farming, one year you make super good money and pay off some of your equipment and the next year you can't pay the fuel bill. I know about that my friend. ONE year a HERO and the very next year a ZERO.

georgep
02-05-2009, 11:44 PM
Gordon Park In Augusta Ga (offered to lease purchase) AND Modoc in S.C. again a lease purchase deal.
Modoc got dropped because Russia invaded Georgia and we where in the process of bringing a place on line that depeded on the Euro which could have gone south.
Gordon Park was a deal where the promoter (gone with the wind now) said he would do the same deal. Since he had a contract and the owner is an honerable man I stepped back. The promoter folded his tent and went away and I was not that hot on parting with 5 figures to get in the door. The price on both track was a solid mid to high 6 figure deal.
You need IN THE BANK cash equal to 3 months of expenses and purses to survive for 2 months.
If you have DEEP POCKETS and buy a track they will be, like my boats name, Empty Pockets, in a short time.
It takes 5 years to make a track a soild investment.
Year one, you loose money trying to get the people, drivers and cres to come back.
Year Two you loose money trying to keep a purse up to prove you are there for the long haul.
Year Three you loose less money, see Item #2
Year Four you ALMOST break even since you did get the drivers, fans and sponsors to see that you want to be around
Year Five you are making money and talking to the developer who wants to build the Wal-Mart
Year six you are doing 15-20 years for running the developer over with your track grader.

djSNUFFY
02-06-2009, 11:16 AM
Year Five you are making money and talking to the developer who wants to build the Wal-Mart
Year six you are doing 15-20 years for running the developer over with your track grader.

:YesNo: Ain't that the truth!!!!