Gateway International Raceway -St. Louis - 4 sale
 

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


1 million seems like a steal.....

Re: Gateway International Raceway -St. Louis - 4 sale
 

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

Re: Gateway International Raceway -St. Louis - 4 sale
 

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 !

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.....

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.

Re: Gateway International Raceway -St. Louis - 4 sale
 

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

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.

Re: Gateway International Raceway -St. Louis - 4 sale
 

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

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...:)

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