Possible California track in the future?

[Revman]

Another very important fact that we race fans keep ignoring or forgetting about and Keselowski brings up are taxes. Stick n ball is able to take money from the tax base, bonds from the public to build facilities etc. racing does not.

So, build a track privately, and live there tax free until such time that the land becomes more valuable than the racing revenue (which isn't hard really with so few race dates), and then sell? NASCAR wins without the taxes, and the community needs to rely on revenue from hotels, etc. as a means of justifying the facility's existence. So, if NASCAR did enter into a partnership with government like stick and ball, then the revenue would be shared....that would mean less lining the pockets of the NASCAR elite. This is pretty simple, or am I missing something? I think you are still going to have a problem with rising land values and justifying the existence of a facility that has one or two major dates on the calendar. Race tracks make some sense if they are built where nobody wants to be, but they make 0 sense if they are where people/industry want to be.

Fontana is now where industry wants to be. The speedway is dead forever. It would make no sense to build a short track there. None.

 

[Naitch]

racing does not

Didn’t Rockingham and North Wilkesboro get millions of tax dollars?

 

[StandOnIt]

So, build a track privately, and live there tax free until such time that the land becomes more valuable than the racing revenue (which isn't hard really with so few race dates), and then sell? NASCAR wins without the taxes, and the community needs to rely on revenue from hotels, etc. as a means of justifying the facility's existence. So, if NASCAR did enter into a partnership with government like stick and ball, then the revenue would be shared....that would mean less lining the pockets of the NASCAR elite. This is pretty simple, or am I missing something? I think you are still going to have a problem with rising land values and justifying the existence of a facility that has one or two major dates on the calendar. Race tracks make some sense if they are built where nobody wants to be, but they make 0 sense if they are where people/industry want to be.

Fontana is now where industry wants to be. The speedway is dead forever. It would make no sense to build a short track there. None.

Some bonds are heavily taxpayer funded, some are privately funded. Autoclub was built and developed privately, sold privately. Nascar doesn't have to share their profit/ loss figures so you and I agree on our guess that the land became too valuable to have a track there.
As far as taxes, Cali has a 7.5% tax they would collect on tickets and concessions and a 1% on the land I believe.

 

[StandOnIt]

Didn’t Rockingham and North Wilkesboro get millions of tax dollars?

Yeah N. Wilkesboro 18 million, Rockingham 9 million from N. Carolina state budget. This was for rebuilding not leaving one and moving to a brand new city/area. It was part of the American Rescue Plan for infrastructure improvements. IMO much better than leaving an empty structure and going somewhere else.

 

[Charlie Spencer]

Didn’t Rockingham and North Wilkesboro get millions of tax dollars?

One-time COVID stimulus dollars from the federal government. Different from funding paid by state or local taxpayers on a recurring basis over a couple-three decades.

Not that I'm in favor of either one, mind you.

 

[StandOnIt]

One-time COVID stimulus dollars from the federal government. Different from funding paid by state or local taxpayers on a recurring basis over a couple-three decades.

Not that I'm in favor of either one, mind you.

It covered way more then Covid stimulus dollars. High speed internet, water sewer upgrades, Business recovery. We had the #1 economy in the world 90 days ago.