Bruton Smith Boulevard? --- ROTFL

[TexasRaceLady]

Talk about kissing up ---

http://www.charlotte.com/171/story/332995.html

SAVING THE SPEEDWAY
Concord goes for Bruton Smith Boulevard
Cabarrus wants to rename road for track owner Bruton Smith
SHARIF DURHAMS
[email protected]

CONCORD --They've offered to let him build his drag strip. They may offer him a tax break.

Now Cabarrus County officials are offering billionaire Bruton Smith the ultimate form of civic love if he keeps Lowe's Motor Speedway in Concord: his own road..............

 

[Guido]

Let the ass-kissing begin!

 

[barelypure]

Talk about kissing up ---

http://www.charlotte.com/171/story/332995.html

SAVING THE SPEEDWAY
Concord goes for Bruton Smith Boulevard
Cabarrus wants to rename road for track owner Bruton Smith
SHARIF DURHAMS
[email protected]

CONCORD --They've offered to let him build his drag strip. They may offer him a tax break.

Now Cabarrus County officials are offering billionaire Bruton Smith the ultimate form of civic love if he keeps Lowe's Motor Speedway in Concord: his own road..............

I wonder if he'll let us common folk drive on his road.
Besides he already has a road named after him in ATL so he don't need no ego stroking. He needs to make an example out of Concord and move the track. This will serve notice to all the other locations that he's not a man to mess with.

 

[Whizzer]

The tax incentive is the thing spoiling the broth at the moment. Bruton sez it will cost him 60 million to buid the strip while others experienced in building a drag strip say the highest cost encountered is 20 million whicj include luxury grandstands and suites.
Attempts to contact Smith find him unavailable for comment but he also, according to a close source, "uses a different method of accounting" which is spin for saying Burton might be greasing the wheel a little in order to gain a greater tax advantage.
One thing is, no matter the cost, the tax break will be established before anyone discovers the actual cost to build it and by then, if costs were inflated, it is too late.

 

[buckaroo]

I don't see this any different than many of the things done in the past. Here in my county, they offered Dell Computers gazillions to build here. They did, now we'll see if the rest of the contract is completed. Around the country, this sort of thing is done all the time. It's called incentives and while those in the area pay for those incentives, they are supposed to reap more than what they sowed in the end. Smitty has a history of moving out of an area, just ask the people of Wilkes County. The people of Cabarrus County were given a problem and they did what they felt was best, including kissing a little butt. That last little bit probably doesn't mean a thing to Smitty.

Guido, you should be happy about this because if he does decide to move, it could then become something of a quandary for the people in your county. Thank goodness he had decided that if he does move the track, it will be closer to Charlotte rather than up this way.

 

[kelloggs5TLfan]

http://independenttribune.net/index.php/sports/mulhern/

One of the other hot stories at the moment of course is Bruton Smith: Is he bluffing or bullying in his talk about shutting down Lowe’s Motor Speedway?
Has Lowe’s aged out? “I didn’t say that,” Smith replied. “However I have been working on a master plan for a year and a half on what I want to do with the current track, but I’ve pulled the plug on that, because the engineers came in with a $200 million budget.
“So I’ll take that $200 million and add another $150 million and build a new track. It’s simple.
“I don’t mind building tracks. I think I’ve built more speedways than anybody in the world. We’ve got good engineers; we know how to do it.”
The current track, the property and buildings, is tax-valued at $300 million. How much the property might sell for as simple real estate is unclear, but the area is booming. Smith said the land would likely be valued at about $150 million as property for development.
Smith says he has blueprints for a new track, apparently a three-quarter-mile high-banked oval, and could build it within 11 months.
The governors of both North Carolina and South Carolina have been talking extensively with Smith. The governor of South Carolina, for example, “spent five hours talking with me,” Smith said. And he said enough politicians showed up for his Cup race two weeks ago “to hold a meeting of the General Assembly.”