tentative date for TGPR spring?

[zukitek]

i am being asked to put in my vacation dates for 2015. Do we have a date for the spring? I went to TGPRace and didnt see anything nor on the sedivtt site.

[e30Racer]

April 11th and 12th, 2015 for the TGPR TT and School.

[zukitek]

thanks man.

[farrout]

April 11-12 for the Spring event and Oct 2-3 for the Fall one. Pleenty of other TT events also. Reserve Aug 29-30 for Barber as there will be a TT there also.

[Z06phile]

Has anybody talked to Mr. Up recently? I heard there's a sale pending on the place.

[farrout]

TGPR is up for sale. How much $$$ does ALSCCA have?

Right now, things are a bit unknown. We are working it.

[Cholewa]

TGPR is up for sale. How much $$$ does ALSCCA have?

Right now, things are a bit unknown. We are working it.

Not enough to buy a race track, but we could get a business loan?

The only hiccup I can foresee is having to actually staff the place and deal with track reservations and basic upkeep.

[farrout]

I thought about that but would want a lot of data from Upchurch in order to develop a business plan.

[MWenning]

Isn't Roebling Road owned and run the local region? They maybe a resource.

[Fusion Works]

LOL, Roebling is far from the model you want running your race track. However I think TGPR could be run successfully if the right staff were involved.

[Cholewa]

Does anyone know what the tentative sale price would be? Are we talking 500k or 1.5M?

It would, in all honesty, be a stellar thing for any club, or person to own. I imagine it would only take a few years of events to pay off and be a pretty decent profit generator.

I'm curious as to why they are selling though. Is the track about to need a massive overhaul or something?

[bimmertech]

Sale price is ~$800k. The track is in need of improvements. Total investment to improve the surface and add safety is north of 1.5M. That's a tough sell considering you need $36-40k a month year round to keep it operating profitably.

[Z06phile]

Yeah, but... it doesn't need a repave right away.
$36K-40K a month to be profitable seems way high to me considering the monthly mortgage payment would "only" be ~$4K.
I wonder if that price includes the grounds maintenance equipment and the house.

[bimmertech]

Price does not include house or any surrounding property. Also, if you can find a private equity partner willing to let go of the money for 4k a month I know lots of people interested in the contact. You're looking at a$9k monthly payment plus operating costs. The hard part of running a race track is the variable operating costs are higher than the fixed costs and require a lot of liquidity to keep them going.

[Z06phile]

Ooof!