Originally posted by Al Alguire: Well since it states there is a lease holder you are just buying the business of the racetrack, not the land etc it sits on. So is $600K still a bargain? At least that's how IO read the article.
I read it as the opposite, buyer buys the track but is locked in to an operator who is leasing it that pays $500 per race period for 10 years. That’s a long time but maybe a buyer could grease the palm of the leaser to give it up?
Posts: 749 | Location: Upstate NY | Registered: July 02, 2013
When I was younger I dreamed of making my living in the hot rod industry. I'd have a fast car with all the cool parts and I'd be friends with all the top racers. Yeah, right.
I am dam glad that dream never came true.This message has been edited. Last edited by: nomad,
nomad Bruce Guertin
Easily distracted by bright shiny objects.
Wife says I'm a new adventure every day.
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