Gateway International Raceway -St. Louis - 4 sale

69camz28 · 10-18-2010, 09:51 AM

http://www.stltoday.com/sports/motor...c67884063.html

1 million seems like a steal.....

Alan Roehrich · 10-18-2010, 10:56 AM

Yeah, except for the major financial baggage that comes with it.

John Kelley · 10-18-2010, 11:23 AM

Quote:

Originally Posted by 69camz28

http://www.stltoday.com/sports/motor...c67884063.html

1 million seems like a steal.....

BUT....there is like a $6,000,000 TAX debt a year !!
I believe the state of Illinois put in some BIG $$$ that must be paid back.
That would be a tough nut to crack ! And as the article states..the track hasn't made a profit since Dover bought it in 1999 !

Marvin Robinson · 10-18-2010, 12:17 PM

Is it just me, or does it seem that the track had the problems with NASCAR, and not Drag Racing??? What a shame.....

Alan Roehrich · 10-18-2010, 12:47 PM

Supposedly, they lost money on NASCAR, and made money on NHRA. Without seeing the books, who knows?

In any event, considering the $6 MILLION yearly tax bill, they'd be lucky if they could get someone to take the place if they were offering the track for free, and they'd pay the first year's tax bill.

Saying "the future is cloudy" for that place might qualify as the understatement of the decade.

Jim Craig · 10-18-2010, 01:33 PM

I believe there is also some issue with multiple landowners or leased land.

69camz28 · 10-18-2010, 04:34 PM

It's a shame, really. A facility that is that damn nice sitting there wasting away. I live near Springfield, IL - we are running out of options around here. Joliet is close to 3 hours north, Indianapolis is 3.5hrs, Morroco, IN is 3 hrs, Byron, IL is close to 4 hours....This sucks.

bigshow2966 · 10-18-2010, 07:04 PM

Quote:

Originally Posted by 69camz28

It's a shame, really. A facility that is that damn nice sitting there wasting away. I live near Springfield, IL - we are running out of options around here. Joliet is close to 3 hours north, Indianapolis is 3.5hrs, Morroco, IN is 3 hrs, Byron, IL is close to 4 hours....This sucks.

But Mason County is only an hour or so away...................

69camz28 · 10-18-2010, 08:05 PM

Yeah, but it is only 1/8th mile. Charleston is fairly close too, but also only 1/8th mile. I'm only hlf way there and I have to lift...

Geerhead55 · 10-18-2010, 11:09 PM

Hhhhmmmmm,,,,,Let me see here,,Memphis + Dover = Gone. Gateway + Dover = Gone. There seems to be a common denominator here,,,whats wrong, can't these guys manage a race track or do they always bite off more than they can chew. How many other tracks do they hold hostage? I'm not liking this, and I don't even live in that part of the country.
Danny Durham

10-18-2010, 09:51 AM	#1
69camz28 Member Join Date: Sep 2009 Posts: 148 Likes: 1 Liked 1 Time in 1 Post	Gateway International Raceway -St. Louis - 4 sale http://www.stltoday.com/sports/motor...c67884063.html 1 million seems like a steal.....

10-18-2010, 10:56 AM	#2
Alan Roehrich VIP Member Join Date: May 2006 Location: Murfreesboro TN Posts: 4,968 Likes: 1,118 Liked 1,217 Times in 312 Posts	Re: Gateway International Raceway -St. Louis - 4 sale Yeah, except for the major financial baggage that comes with it. __________________ Alan Roehrich 212A G/S

10-18-2010, 12:17 PM	#4
Marvin Robinson Member Join Date: Jun 2005 Location: Gary, IN Posts: 139 Likes: 0 Liked 0 Times in 0 Posts	Re: Gateway International Raceway -St. Louis - 4 sale Is it just me, or does it seem that the track had the problems with NASCAR, and not Drag Racing??? What a shame..... __________________ Marvin Robinson 3188 STK/SS

10-18-2010, 12:47 PM	#5
Alan Roehrich VIP Member Join Date: May 2006 Location: Murfreesboro TN Posts: 4,968 Likes: 1,118 Liked 1,217 Times in 312 Posts	Re: Gateway International Raceway -St. Louis - 4 sale Supposedly, they lost money on NASCAR, and made money on NHRA. Without seeing the books, who knows? In any event, considering the $6 MILLION yearly tax bill, they'd be lucky if they could get someone to take the place if they were offering the track for free, and they'd pay the first year's tax bill. Saying "the future is cloudy" for that place might qualify as the understatement of the decade. __________________ Alan Roehrich 212A G/S

10-18-2010, 01:33 PM	#6
Jim Craig Member Join Date: Dec 2009 Location: Clinton, OH Posts: 106 Likes: 0 Liked 5 Times in 3 Posts	Re: Gateway International Raceway -St. Louis - 4 sale I believe there is also some issue with multiple landowners or leased land.

10-18-2010, 04:34 PM	#7
69camz28 Member Join Date: Sep 2009 Posts: 148 Likes: 1 Liked 1 Time in 1 Post	Re: Gateway International Raceway -St. Louis - 4 sale It's a shame, really. A facility that is that damn nice sitting there wasting away. I live near Springfield, IL - we are running out of options around here. Joliet is close to 3 hours north, Indianapolis is 3.5hrs, Morroco, IN is 3 hrs, Byron, IL is close to 4 hours....This sucks.

10-18-2010, 08:05 PM	#9
69camz28 Member Join Date: Sep 2009 Posts: 148 Likes: 1 Liked 1 Time in 1 Post	Re: Gateway International Raceway -St. Louis - 4 sale Yeah, but it is only 1/8th mile. Charleston is fairly close too, but also only 1/8th mile. I'm only hlf way there and I have to lift...

10-18-2010, 11:09 PM	#10
Geerhead55 VIP Member Join Date: Sep 2002 Location: Tacoma, Washington Posts: 1,632 Likes: 0 Liked 5 Times in 5 Posts	Re: Gateway International Raceway -St. Louis - 4 sale Hhhhmmmmm,,,,,Let me see here,,Memphis + Dover = Gone. Gateway + Dover = Gone. There seems to be a common denominator here,,,whats wrong, can't these guys manage a race track or do they always bite off more than they can chew. How many other tracks do they hold hostage? I'm not liking this, and I don't even live in that part of the country. Danny Durham