Automotive News, Media & Press Television | Magazines | Industry News

Memphis motorsports sold

Thread Tools
 
Search this Thread
 
Old 12-16-2010, 11:20 AM
  #1  
TECH Apprentice
Thread Starter
iTrader: (6)
 
55chevy's Avatar
 
Join Date: May 2004
Posts: 394
Received 1 Like on 1 Post

Default Memphis motorsports sold

Great news for the Memphis area. Dover has accepted a $2.625 million bid from a Florida investment group for the Memphis Motorsports Park. The park was closed in Oct of '09. Hopefully it will open soon.

http://www.bizjournals.com/memphis/n...orts-park.html
Old 12-16-2010, 12:14 PM
  #2  
10 Second Club
iTrader: (16)
 
LS1LT1's Avatar
 
Join Date: Nov 2001
Posts: 9,331
Received 0 Likes on 0 Posts

Thumbs up

Wow, that's really cheap for that facility, I was there for the very first LSX Shootout back in 2007 and it's a real nice layout. I would think that the land/acreage alone is worth that much.
The only problem I see is the same thing that usually kills deals like that, the back taxes/late fees/penalties and such that are still owed on the land.
Old 12-16-2010, 02:46 PM
  #3  
TECH Veteran
iTrader: (12)
 
Wnts2Go10O's Avatar
 
Join Date: Dec 2004
Location: Rockville, MD
Posts: 4,354
Likes: 0
Received 0 Likes on 0 Posts

Default

awesome guys. it always makes me happy to keep or reopen a track
Old 12-16-2010, 11:20 PM
  #4  
On The Tree
iTrader: (4)
 
camAro242's Avatar
 
Join Date: May 2007
Location: Katy, Texas
Posts: 143
Likes: 0
Received 0 Likes on 0 Posts

Default

why was it shut down to begin with? im assuming bc of the bad eco??
Old 12-16-2010, 11:28 PM
  #5  
10 Second Club
iTrader: (11)
 
Zmg00camaross's Avatar
 
Join Date: Jun 2009
Location: Missouri
Posts: 5,050
Received 47 Likes on 41 Posts

Default

O dover sell Gateway for that cheap.
Old 12-19-2010, 12:07 AM
  #6  
TECH Enthusiast
iTrader: (4)
 
Bowtie03's Avatar
 
Join Date: Apr 2008
Location: Memphis,TN
Posts: 598
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by camAro242
why was it shut down to begin with? im assuming bc of the bad eco??
Cause Dover ran it into the ground with very poor management, I'm sooo glad its reopening...
Old 12-19-2010, 06:54 PM
  #7  
11 Second Club
iTrader: (19)
 
99Hawk262's Avatar
 
Join Date: Jan 2005
Location: Little Rock
Posts: 2,491
Likes: 0
Received 1 Like on 1 Post

Default

Me too, I loved racing there. It's a bit of a drive, but a nice facility. Can't wait!!



Quick Reply: Memphis motorsports sold



All times are GMT -5. The time now is 02:04 PM.