End of the line for Sacramento Raceway (1 Viewer)

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And so it goes in California... A consumer need will drive opportunities and those who are willing to take the risk (entrepreneurs) should reap the benefits if any.

 
Just how much profit is enough?

It depends on the track owner and their personal situation.

Some owners may be content to run a track and be willing to forego some profit in order to do so.

Others are tired of running a drag strip and want out. Or they may be getting older and none of their children want to take over. They may not get any offers from buyers who want to continue as a drag strip.

I knew one track owner who was forced to sell when his partner wanted out and he did not have the money to buy out the partner. They ended up selling to someone who wanted to continue operating it as a track.

The question of how much profit is enough is up to each person. If it was me and I had the chance to sell and accumulate wealth that could last for generations, I would say bye-bye dragstrip.
 
Take the money, open another track in a more friendly environment, and still be rich. No worries, when they close there's some spots outside the city guys can go run.
 
Geno
thank you for posting the article from ABC news. Rumor mill has been active re: closing the Sac track. I’m sure it will happen sometime in the next handful of years.
sac is 2 1/2 hr drive for me, Redding closer to 4 so I’ll miss it

thank you for keeping the track open as long as you have
 
You know, many of these older tracks were built back in the glory days, most likely 50-60 years ago. Those tracks, were built out in the middle of nowhere, like the original Tucson Dragway and Beeline Dragway in Phoenix. Those tracks were miles away from homes and businesses and did not present a problem for neighbors, nor was the land worth that much far away from town. Poof, many years later, those towns became cities and grew to where the dragstrip is. Now you have pissed off neighbors because of the noise, and the land value has skyrocketed because it's not miles away from the city any longer, the city is right there. Sadly, there is not much you can do about that, as progress and growth can't be stopped. You also can understand if a racetrack owner who has put their heart and soul, as well as their money into their racetrack all of a sudden get's a life changing offer, how can they refuse? It sucks, but understandable from a purely business perspective. Maybe the key is to build racetracks way farther out of town that it becomes many years before the city swallows the tracks up, or find another way to monatize the land that the track is on so it generates other revenue to help keep it open so the owner doesn't have to sell. Just thinking outloud, but the farther away the track is from civilization, the longer period of time we have the track I'm guessing......

Similar story. My wife's deceased husband's family owned large dairy farms in the Southern California area decades ago when it was a rural area. Years later, developers came in and bought the property which is now the Cerritos Mall and the Cerritos Auto Square at the 605 and 91 freeways. They took the money and bought land in Chino and built new dairies. Now that area is residential and commercial. Many of them became very wealthy from selling what was once a cow pasture.

In contrast, I'm reminded of this family who held out.


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Similar story. My wife's deceased husband's family owned large dairy farms in the Southern California area decades ago when it was a rural area. Years later, developers came in and bought the property which is now the Cerritos Mall and the Cerritos Auto Square at the 605 and 91 freeways. They took the money and bought land in Chino and built new dairies. Now that area is residential and commercial. Many of them became very wealthy from selling what was once a cow pasture.

In contrast, I'm reminded of this family who held out.


View attachment 12909
Holy crap! They even have a one lane dragstrip!
 
Mike Haynie, maybe at their age they would like to retire
I realize that. I was proposing a cool scenario. It would be nice if another strip could be built far out of developers reach. My hats off to anybody who can make it and retire in this day and age.
 

Look at the photos in this article. think about how big this raceway is & how many houses could be built here. Drag strips ain't the only ones to be worried about.
BTW, look at the photos. You might see a car you recognize.......
Just to clarify, VIR is not going away. they are on the schedule for world challenge next year.
June 15, 2024
GT World Challenge America - Virginia International Raceway
Virginia International Raceway
Alton, Virginia

June 16, 2024
GT World Challenge America - Virginia International Raceway
Virginia International Raceway
Alton, Virginia
 
And then there's infineon and laguna Seca. Both located in very high dollar areas. I'm hoping they both have enough big money in events and participants to stay around. I know infineon receives plenty of noise complaints, and it's for 1 major event a year!
 
And then there's infineon and laguna Seca. Both located in very high dollar areas. I'm hoping they both have enough big money in events and participants to stay around. I know infineon receives plenty of noise complaints, and it's for 1 major event a year!

infineon gets plent of complaints but most anymore are for traffic and congestion. In addition to NHRA, NASCAR and others hold huge events there
 
Not just in the US, This from a Facebook post in New Zealand:

Here's some of the F5000 action from Historic Racing Club at Pukekohe last February. Its the last time you'll hear the awesome sound of F5000's from the iconic Auckland circuit !!!

Tony Camacho
Big field. Lovely. Please advise why it is the last time they will be at that circuit?

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Author NZ Classic Car Racing
Pukekohe is owned by the Auckland Racing Club ( for horses) and they want the land back to sell off for housing....
 
And then there's infineon and laguna Seca. Both located in very high dollar areas. I'm hoping they both have enough big money in events and participants to stay around. I know infineon receives plenty of noise complaints, and it's for 1 major event a year!

With regards to Laguna Seca, it firs well with the mystic of Monterey area and will not be going anyway. Ever. It's too isolated hidden in the back hills of what use to be Fort Ord that closed down in '94.

Here's an article from a few years ago when there were rumors.

 
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