Quote:
Originally Posted by stealthn
Thanks guys, someone should rally the guys that made the millions over the last couple of years and went out and bought exotics, to pool their money are create a real race facilities for activities all year round.
I pick an exact duplicate of Miller Motorsports Park
http://www.millermotorsportspark.com/mmpschools/images/map07.jpg |
I have heard talk of folks doing just that. I've also heard talk of a motorsports theme housing community.
I am tempted to spearhead something like this but am sceptical if the return is there. It is going to cost $2.24M for the land (you'd want a whole section at $3500/acre for farm), say $1M fr the track, and $100000 for buildings etc. The cheapest you could do this is ~$3.5M and you'd need to see 10% ROI or you might as well buy WalMart stock with your money. Would a track net in $350,000 / year? That's $3500 / day in clear profit assuming 100 days that it would be usable and we havne't even discussed insurance or maintenance costs yet. If this thing is going to be run as a business, many of the current users would not be able to afford it.
If you can get the land for free (like from the city), this changes the equation. Now you only need to have clear returns of $150000 per year or $1500 per day which is likely doable.
The motorsport housing development is a neat idea but I'm not sure how keen any of the MDs around Calgary would be on something like this. I'm also not sure how many guys wives would want to live there.
What could work is a motorsport resort out of town - kinda like Glennifer Lake where it is more of a weekend retreat. You buy an RV lot (which subsadizes the commmunity) for say $20,000 and there are 175 lots - this would cover costs. The track is then rented out as necessary to cover the R&M costs but is mainly available to club members.
I dunno - there is no easy solution.