ANYONE HAVE ANY ADVICE ON WHERE TO START?
What legal documents are needed?
I plan to buy a piece of open land and i want to make it into a motor race track since. I really dont know where to go from here so any help would be really appreciated.
2007-12-03 06:13:13 · 9 answers · asked by mariana_maciel 1 in Sports ➔ Auto Racing ➔ Other - Auto Racing
Good Luck With That!!!! Seriously
2007-12-04 06:58:43 · answer #1 · answered by The Cat 4 · 0⤊ 2⤋
The last race track to be built and open in CA was Thunderhill, which is just over 10 years old now. Thunderhill is owned (and has been since it started) by the SCCA, with contributions from a few other car clubs to help it aquire the land (in exchange for guaranteed dates). After a few years of operation, they expanded the original track to it's current 3 mile length, and in the last few years have managed to begin adding permanent buildings and other such upgrades.
It's worth looking at this because all of the issues they've had would be faced by anyone looking to open one today... and then some! Thunderhill was mainly handled by the San Francisco region of SCCA, but in order to find the land, they had to go about two hours North of Sacramento, a good 4 hours away from where they were based. This was due to land costs and ability to get the needed zoning.
Lands costs would run in the multiple millions for any site with the possible size to install a track. A road course would make more since as most of your day to day revenue would be generated by car club and private rentals (while the major tracks in CA like Laguna Seca and Infineon can generate the majority of their income with a couple events: MotoGP, ALMS, NASCAR... it would take a well established track with a large bank account to attract such series).
Improvements to the land would also be in the multiples of millions (track construction and minimal buildings and such). As well as insurance needs, contracts with emergency crews, and you would need some support from a group like SCCA or NASA to provide course workers for events.
An oval would be possible as well, but these are seldomly handled as car club rentals, which would provide no income until you are able to book a large event.
The biggest hurdle though would be finding the land - cost would be a major issue, as would getting the support of the community, passing environmental impact studies and such, and lastly, finding all of that in a spot that is not located near an already established track. The second hurdle would be the needed money (most would be handled by investors, but even with the world's best and most compelling business plan, you will need to show some major investment on your part to convince them to risk their money on your vision).
2007-12-04 10:48:44 · answer #2 · answered by Paul S 7 · 1⤊ 0⤋
Before buying property you really need to meet with the county or city to see how receptive they are to your plans. Most places in California do not want the noise or the traffic a track would create. The exception is finding a rural or desert county that needs the revenue the track would generate.
It may be better to buy an existing track and improve it as there would be lots less hoops to jump through.
Good luck with your plans.
beth
2007-12-03 10:12:09 · answer #3 · answered by beth 6 · 1⤊ 0⤋
You don't mention the type of racing you are considering. (They all have their own requirements for their tracks.)
If you're serious, you can go to the sanctioning body (that you want the track to host) for assistance and direction. If it's at all viable, they'd be more than happy to guide your progress.
The local "Chamber of Commerce" (or whatever body governs the consumer/merchandising or marketing laws in your area) would be of great help in deciding which "legal documents" are needed.
IMHO, your first step should be to get a GOOD Secretary and Accountant! Start looking into insurance for everything/anything that could affect you and your track.
Best of luck, and DO keep us posted! I'd love to follow (or maybe even help out) your progress. (Email me, if you'd like.)
2007-12-05 05:00:51 · answer #4 · answered by irl.kanaan_fan 3 · 2⤊ 0⤋
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2016-05-28 00:25:29 · answer #5 · answered by ? 3 · 0⤊ 0⤋
Check with the board of supervisors in San Jose. There is a proposal being considered for a NASCAR level track to be built there. So far there has been no real opposition. I think they are doing environmental impact studies now.
Go Jr.>>>>
2007-12-08 12:03:32 · answer #6 · answered by Anonymous · 2⤊ 0⤋
Get yourself a mega millionaire backer first.
To get a track NASCAR Sanctioned tkes 2 million.
2007-12-03 12:43:07 · answer #7 · answered by ? 4 · 0⤊ 1⤋
You'll have to check the zoning laws and possibly have to apply for a variance. A variance isn't that easy to get. Then, you'll have to fork out big $ for an EIS (Environmental Impavt Statement. Not to mention finding an attorney. There are so many factors involved & you need pleant of cashola. You don't have it so you need to find venture capital.
2007-12-03 08:11:47 · answer #8 · answered by Anonymous · 0⤊ 3⤋
Wow! Good Luck with that! Sorry, i have no expertise in building a track.
2007-12-03 09:04:15 · answer #9 · answered by Anonymous · 0⤊ 3⤋