By the numbers

[georgep]

Well this is like a tradition when the season ends and folks think about I20 and why it is quiet. Well these are BUDGET numbers that where worked out as a feasibility study on this track. They are not 100% on the money but it gets you an idea.
1. Purchase of track $275,000.00 to $325,000.00
2. Purchase of the property required to make the track one parcel again
$235,000.00
3. Sound barrier and related work for EPA and other govt groups $125,000.00
4. Complete renovation of the track proper, surface, walls, stands, restrooms, concession, lights, sound etc $250,000.00 to $450,000.00.
5. Start-up to get the track back in the black, losses for running with a fixed purse for (4) classes for 6 months $35,000.00 per night.
No you can say these are high or these are crazy or whatever you want. If you have BETTER numbers plug them in and see where you would be.
Remember that MOST tracks lose about $10,000.00 per night until they can build up a fan base and car count.
Have a good off season, me I am working on my vintage modified for 2010.

[CERICE]

if you know this much about it then get it otherwise this is not a fourm about it cause if anyone had the money then it would be bought or call the owners geeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeessssssssssssss ssssssssssssss!

[Mera]

[COLOR="MagenWell I personally think the numbers are not far off, maybe a little high. I really think though if someone bought it and invested the money this place would take off and boom like rockets. There are not many open tracks that are doing well, but I feel if I-20 opened up again it would be wonderful. Of course I also have many many ideas for the place as others do. So, this is my 2cents worthta"][/color]

[choochoo21]

This place could be a GOLD MINE like it was back in the 80's & early 90's..Great location and easy to tell someone that's never been there,how to get to the place.Hope for the best,maybe when the Economy gets back on it's feet,I-20 will too!!!!!!This place was ment to be Racing on Saturday nites..........HOPE FOR THE BEST...later choochoo

[georgep]

Yes it is a prime location and a few years ago would have been a great buy but thanks to the present economy and the uncertain future of the US dollar it is very hard to take operating capitol from a working operation and speculate in an unsure market place. There is not a bank in today's money system that would take a 50% risk in this type of venture. Your net worth is not a usable criteria to negotiate with a bank in today's economy.
I am sure that someone will buy it for whatever reason but that is just a hope for the future up there.
Do here it is a little better due to the tax structure and not getting nailed for the extra taxes in SC. I guess when I got the poperty tax bill for a racecar I just gave up.

[Dirtrider]

Originally Posted by georgep

Yes it is a prime location and a few years ago would have been a great buy but thanks to the present economy and the uncertain future of the US dollar it is very hard to take operating capitol from a working operation and speculate in an unsure market place. There is not a bank in today's money system that would take a 50% risk in this type of venture. Your net worth is not a usable criteria to negotiate with a bank in today's economy.
I am sure that someone will buy it for whatever reason but that is just a hope for the future up there.
Do here it is a little better due to the tax structure and not getting nailed for the extra taxes in SC. I guess when I got the poperty tax bill for a racecar I just gave up.

Man,you loaded so get all your buddys and buy the best track around.The people will come if the track is run right,tax write off for 3 years too.

[georgep]

Originally Posted by Dirtrider

Man,you loaded so get all your buddys and buy the best track around.The people will come if the track is run right,tax write off for 3 years too.

WAS, no more just making ends meet. Buddys are worse off, ever hear of Berine "I made off with the money" Try a little over $7.25 mil. Not me, them I lost less but still enough to SLOW down my life.

[brian45]

It is amazing how much people know about a race track,that has never run one.hard work just like a job and good things happen.

[Dirtrider]

Originally Posted by brian45

It is amazing how much people know about a race track,that has never run one.hard work just like a job and good things happen.

How about it mr. 45,you gonna open the ol girl back up.

[rebelridin69]

Mr.45 is brian stewart that runs Modoc,and has done a great job running it.One of the best tracks around to go race.It"s about a two hour drive for me though.So how about it Brian,Let Andy run Modoc next year,and you run I-20.Sure would like to drive 30 minutes instead of 2 hours.Thank you Brian,for giving us a place to race,just wish it was closer.