Quote:
Originally Posted by PJ Wright
You mean you can make MORE money in construction than you can with a race track????? Who knew  |
OK, lets look at this money wise.
Say it takes $1,000,000 to run an operate a race track for a year. Maintainance, equipment,leases,taxes, insurance,security(and they have an over abundance or that at The'Burg),and hourly labor.
Now if you had a $1,000,000 and invested it in a mutual fund that pays 7% (I do have a fund that pays that amount,but I do not have $1,000,000) that means you are making $70,000 per year.
Why would you invest in a race track to make less money? You can say I love the sport, but you did not make a $1,000,000 by going with your heart. You made it with your head.
There are a ton of revenue out that that does not include tickets or the back gate.
My only point is that promoters are not hurting, if they were they would be no race tracks. These guys are no fools, there in it for the money and you can not blame them for that.