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Last Post 11 Mar 2011 11:49 AM by  FireballPhil
MMP now MIR, - IHRA
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mazdamike
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12 Feb 2011 10:50 AM

    Current rumor is that the same group may be interested in Gateway as well. No information as to SCCA and the MIR road course yet. Fingers crossed X.........

    http://www.dragzine.com/news/reborn-m...

    http://en.wikipedia.org/wiki/Memphi...al_Raceway

    http://racemir.com/

    FireballPhil
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    14 Feb 2011 04:32 PM

    Mazda Mike, the Mid-South Region SCCA had a meeting with the track management this afternoon at 2pm. I was unable to attend but we will have a race committee meeting later this week to discuss the outcome of the fact finding meeting.

    Stay tuned,

    Phil Harris

    Asst. Race Chair

    BoD

    Lynn
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    14 Feb 2011 05:47 PM
    mazdamike wrote:

    Current rumor is that the same group may be interested in Gateway as well.

    /

    They can't be that stupid, can they?

    mazdamike
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    18 Feb 2011 11:56 AM
    Lynn wrote:
    mazdamike wrote:

    Current rumor is that the same group may be interested in Gateway as well.

    /

    They can't be that stupid, can they?

    Certainly the "current" scenario at GIR is unworkable. But it is easy to imagine a successful Gateway if all could be renegociated. I look forward to seeing what happens in Memphis........

    Lynn
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    18 Feb 2011 03:14 PM
    Bret Kepner has posted that the most revenue Gateway ever received on non-NASCAR events was less than $800,000 per year. With a $1.4 million per year land lease payment and $2.55 million property taxes per year on improvements, it's going to take a lot of renegotiations. And then there are the costs of operating the place.

    Memphis was easy. No rent and the property taxes are about $250,000.
    karen rae
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    20 Feb 2011 05:17 PM
    I heard Gateway is probably heading for auction like Memphis. I don't care what it takes, as long as we get Gateway back open!! :)
    karen rae
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    20 Feb 2011 05:19 PM
    double post, sorry. :(
    mazdamike
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    20 Feb 2011 06:23 PM
    Lynn I guess you won't be among the interested investors. lol But, it's not over until the pavement's gone! It would seem to be in everyones interest to try to reopen GIR though, imho. How much money will the government and property owners get if it doesn't?? I, like Karen and others, are keeping the faith! ;)
    Lynn
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    20 Feb 2011 06:38 PM
    I would be surprised if Madison County renegotiates the taxes. It is not in their best interest. If they do that, every business in the county will want lower taxes. I'd like to see the track reopen, too, but I think it is very unlikely.
    mazdamike
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    10 Mar 2011 11:54 AM

    MMP > MIR, and just maybe GIR > _________ Fingers still crossed,,,,,

    http://www.stltoday.com/suburban-jo...78c22.html

    How is it going in Memphis Phil?

    FireballPhil
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    11 Mar 2011 08:42 AM

    Mike, we are sending out a survey to the MidWest division drivers and volunteers. After that, the track will have to be inspected before we can set any dates.

    Phil

    mazdamike
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    11 Mar 2011 09:24 AM
    Sounds good Phil; I'm sure you will keep us up to date. ;) It has also been "rumored" (only) that the road course will get some changes/attention at some point? And things may be looking up here as well !!

    http://www.stltoday.com/sports/moto...702d8.html
    FireballPhil
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    11 Mar 2011 11:49 AM
    Mike, we have been told by the management that, depending upon participation, the road course will be altered. Their plan is to make the road course and the drag strip separate tracks.

    Phil
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