Another track could bite the dust today

Paul Merolla · 11-23-2013, 10:42 AM

Midamerica Motorplex in Pacific Junction, IA goes on the auction block today. Let's hope the buyer is dedicated to keeping the track going, and doesn't doze the whole thing to build a McDonald's. It's not the greatest place to race, but if it closes, it will be a 3-hr. drive from Omaha to the nearest track...pretty sad for a metro area of a million people.
Here's the link: http://www.auctionsolutionsinc.com/a...ility-auction/

cad · 11-23-2013, 11:20 AM

Agreed. I am watching the online bidding starting at 10a cst.
This facility could be a great venue with an owner that reinvests in the property.
Clark

sst7250 · 11-23-2013, 01:29 PM

That is sad news. I Lived in Omaha in the early 2000's and thought it was a decent facility. Guess the economy caught up to it's ownership. Was it not owned by a local car dealer?

Terry Waldron · 11-23-2013, 02:05 PM

I seen where it just sold for 1,460,000, do not know who bought it yet.

chevy620 · 11-23-2013, 02:39 PM

$1.4 million? Break that down with "maybe" a couple thousand dollars profit at a good bracket race and a couple thousand profit from your test and tune night, 6 month season due to winter and weather....

If someone bought it to keep it a dragstrip or motorsports facility in general... they have deep pockets because there will be no profits with 1.4 million invested just to get started.

Would like to race there sometime. If the guy has a million he might spend another 1/2 million to make it prettier??

Hope you guys end up with a track close by. What ever happened to Scribner? I liked that place, lot of room and really long.

cad · 11-24-2013, 12:54 PM

$1.465m was a steal. The farm land across the street is $12k/acre. MAM went for $7k/acre. Yes, the place does need a major makeover.
The season is April 1 thought Oct 31...about 28 weekends.
Scribner closed in 2005.

We dont know who the buyer is, yet.

Geerhead55 · 11-24-2013, 04:17 PM

Good luck, you guys. I hope it works out for you all. Theres never too many race tracks.
Danny Durham

Marty Buth · 11-24-2013, 05:38 PM

I agree with CAD, if they would have sold it as farm land, it would have brought a lot more.

Rex Thonen · 11-24-2013, 05:43 PM

I thought there would be a reserve on the property.

Marty Buth · 11-24-2013, 07:41 PM

The auction website said the reserve was met. They didn't say what the reserve was, just that it was met.

11-23-2013, 10:42 AM	#1
Paul Merolla Senior Member Join Date: Dec 2001 Location: Papillion, NE Posts: 596 Likes: 198 Liked 232 Times in 57 Posts	Another track could bite the dust today Midamerica Motorplex in Pacific Junction, IA goes on the auction block today. Let's hope the buyer is dedicated to keeping the track going, and doesn't doze the whole thing to build a McDonald's. It's not the greatest place to race, but if it closes, it will be a 3-hr. drive from Omaha to the nearest track...pretty sad for a metro area of a million people. Here's the link: http://www.auctionsolutionsinc.com/a...ility-auction/

11-23-2013, 11:20 AM	#2
cad Senior Member Join Date: Apr 2009 Location: Omaha, NE Posts: 675 Likes: 141 Liked 72 Times in 40 Posts	Re: Another track could bite the dust today Agreed. I am watching the online bidding starting at 10a cst. This facility could be a great venue with an owner that reinvests in the property. Clark

11-23-2013, 01:29 PM	#3
sst7250 Member Join Date: Jan 2009 Location: Las Vegas, NV Posts: 180 Likes: 9 Liked 41 Times in 30 Posts	Re: Another track could bite the dust today That is sad news. I Lived in Omaha in the early 2000's and thought it was a decent facility. Guess the economy caught up to it's ownership. Was it not owned by a local car dealer?

11-23-2013, 02:05 PM	#4
Terry Waldron Junior Member Join Date: Nov 2005 Location: silvis ill Posts: 40 Likes: 0 Liked 0 Times in 0 Posts	Re: Another track could bite the dust today I seen where it just sold for 1,460,000, do not know who bought it yet. __________________ Terry Waldron 5619 K/S

11-23-2013, 02:39 PM	#5
chevy620 Banned Join Date: Mar 2009 Posts: 188 Likes: 0 Liked 0 Times in 0 Posts	Re: Another track could bite the dust today $1.4 million? Break that down with "maybe" a couple thousand dollars profit at a good bracket race and a couple thousand profit from your test and tune night, 6 month season due to winter and weather.... If someone bought it to keep it a dragstrip or motorsports facility in general... they have deep pockets because there will be no profits with 1.4 million invested just to get started. Would like to race there sometime. If the guy has a million he might spend another 1/2 million to make it prettier?? Hope you guys end up with a track close by. What ever happened to Scribner? I liked that place, lot of room and really long.

11-24-2013, 12:54 PM	#6
cad Senior Member Join Date: Apr 2009 Location: Omaha, NE Posts: 675 Likes: 141 Liked 72 Times in 40 Posts	Re: Another track could bite the dust today $1.465m was a steal. The farm land across the street is $12k/acre. MAM went for $7k/acre. Yes, the place does need a major makeover. The season is April 1 thought Oct 31...about 28 weekends. Scribner closed in 2005. We dont know who the buyer is, yet.

11-24-2013, 04:17 PM	#7
Geerhead55 VIP Member Join Date: Sep 2002 Location: Tacoma, Washington Posts: 1,632 Likes: 0 Liked 5 Times in 5 Posts	Re: Another track could bite the dust today Good luck, you guys. I hope it works out for you all. Theres never too many race tracks. Danny Durham

11-24-2013, 05:38 PM	#8
Marty Buth Member Join Date: Nov 2002 Location: Freeport, IL Posts: 460 Likes: 541 Liked 210 Times in 36 Posts	Re: Another track could bite the dust today I agree with CAD, if they would have sold it as farm land, it would have brought a lot more. __________________ Marty Buth 3657 STK

11-24-2013, 05:43 PM	#9
Rex Thonen Junior Member Join Date: Nov 2002 Location: Nebraska Posts: 28 Likes: 3 Liked 0 Times in 0 Posts	Re: Another track could bite the dust today I thought there would be a reserve on the property.

11-24-2013, 07:41 PM	#10
Marty Buth Member Join Date: Nov 2002 Location: Freeport, IL Posts: 460 Likes: 541 Liked 210 Times in 36 Posts	Re: Another track could bite the dust today The auction website said the reserve was met. They didn't say what the reserve was, just that it was met. __________________ Marty Buth 3657 STK