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Gas City on the Market??.....
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8/27/14, 4:24 PM |
#1
Gas City on the Market??.....
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Senior Member
Race Count This Year: (22) Race Count Last Year: (29) Join Date: Sep 2007 Posts: 4,428 |
listed for (oops) $3.7!!...anyone know the true inside on whats up??....
___________ Brucer'
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Last edited by AustinSprinter; 8/28/14 at 3:09 AM. Reason: correction.... |
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8/27/14, 4:34 PM |
#2
Re: Gas City on the Market??.....
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Senior Member
Race Count This Year: 6 Race Count Last Year: 14 Join Date: Jul 2007 Posts: 21,313 |
Its been for sale or over five years.
However this may or may not have anything to do with who operates it next year if a deal can be worked out. Best to keep this to a serious inquirer, as most of on here, Have no shot or the capital to neither buy or lease it. Paragon is also for sale.
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Charles Nungester
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8/27/14, 5:47 PM |
#3
Re: Gas City on the Market??.....
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Senior Member
Join Date: Sep 2008 Posts: 1,646 |
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8/27/14, 6:05 PM |
#4
Re: Gas City on the Market??.....
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Senior Member
Race Count This Year: 8 Race Count Last Year: 35 Join Date: Sep 2007 Posts: 2,075 |
Quote:
http://www.internetadvertizing.com/r.../indiana/3621/ and I don't know what's up. |
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8/27/14, 6:08 PM | #5 | ||
Senior Member
Race Count This Year: 17 Join Date: Jan 2008 Posts: 1,637 |
The track has been for sale for a while now..I still believe it will be open for racing next year.
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8/27/14, 6:10 PM |
#6
Re: Gas City on the Market??.....
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Senior Member
Join Date: Jul 2007 Posts: 3,869 |
Good memories of the place, thats all we will ever have from what I have been told.
Jerry |
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8/27/14, 6:26 PM |
#7
Re: Gas City on the Market??.....
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Senior Member
Join Date: Aug 2012 Posts: 3,182 |
$3.7M?
As Jerry Seinfeld would say, "Good luck with alllllllllllllll of THAT." South Bend Motor Speedway has been for sale, too. There is a thread on here about it. They are asking $875,000. I am no real estate genious, nor am I in the market for buying a track and subsequently having my wife kill me in my sleep for doing so, but tearing up a little asphalt, throwing down some dirt at a track that is next to a big city..... $3.7M compared to $875K (or best offer)..... get real. Don't get me wrong (now quoting Chrissie Hynde), I hope Gas City re-opens next year. But, $3.7M....... ? http://www.racesouthbendmotorspeedwa...rsaleflyer.pdf |
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8/27/14, 8:10 PM |
#8
Re: Gas City on the Market??.....
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Senior Member
Join Date: Mar 2009 Posts: 318 |
well lets do some math. lets say you buy the place. Pay full price and pay it off in 20 years. $3,710,000 /20=$185,500 per year
Ok lets take $185,5000/ 24 (number of races per year) =$7,729 Lets take $7,729/ 3,100 (number of people that the place seats) =$2.50 So if I can have 24 races a year with 3,100 people per race. I will pay the place off in 20 years. Is my math off? |
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8/27/14, 8:31 PM | #9 | ||
Member
Join Date: Jan 2011 Posts: 154 |
Your math is correct, I think your logic has failed you though.
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8/27/14, 9:15 PM | #10 | ||
Senior Member
Join Date: Jun 2010 Posts: 330 |
Quote:
But if you want go ahead and see if the bank will give you the 20 year loan and see if you can make it work.
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"It's the fastest who get paid, and the fastest who get laid".
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Gas City on the Market??.....
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