According to their Facebook page, 3PS has cancelled their racing tonight due to no electricity.
This just gets better and better.
I hate to laugh at the demise of anything racing related, but hahahahahaha
I sure hope someone will come in and rescue this sinking ship. It’s sad to see this place only have an average of 20-25 cars per week for 4 classes. Someone out there has got to be able to run this place an make it successful again!!
I wonder if their loss of electricity was due to mother nature or the electric company. Or maybe, like Gary, they’ve just found an excuse to cancel the show and avoid spending money.
Remember the time DSS lost power in the morning and canceled the show for that night?
Yea,me neither[SIZE[/SIZE]
The Air Port meeting thursday.
[SIZE=“4”]Thursday morning saw the Charlotte Air Port meeting put the Speedway on the “HOT SEAT” about the $50,000.00 deposit that waved if they rebuilt the fence, electric, and grand stands. And to be left after thier lease was up so not to have the race track be left in the condition it was the last time. When I got the Track back in 2006 I had to pay LeRoys back taxes $26,000.00+ to take over. When I sold Kevin the lease he agreed to pay off my back taxes of $36,000.00+ for the three years I had it. He paid me just enough to get everyone paid up to date except my personally signed for debt. The taxes have been paid since 2010 (when I paid them up to date). Now the taxes are $68,297.84 due NOW!!! All this is pulbic record. Also at the meeting we heard from the group that paid and installed the new fence. They have an out standing bill for $80,000.00 for 11 months and said they are about to put the legal action the place against the track, and the land owner (CCAA). Also they asked to take over the lease (the Air Port replied all leases can be taken over). And all this is in the report from the meeting. So the power bill isn’t the only problem they need to pay (which was about $2,000 a month if they turn on the lights Friday, and Saturday nights only)if infact it is the bill not a power outage. Again this is all public reord. The next group coming in must pay off all the taxes before opening. I feel so bad about the racers they are the ones who supported the track and now have garge trophys.[/SIZE]
like in my lease with my business taxes are included in my monthly bill, don’t understand why their’s isn’t and why this seems to be a continious problem with the track, I also wonder if they are behind on their lease payments as well beside the back taxes and fence bill, with this kinda of debt not sure who coild take the track over now JMO
So, approximately $150K to take over.
On top of that a weekly loss in purse in order to grow car count for who knows how long…
When will the investment realize a return for the investor? And short of rich folks that “enjoy” their 'Vegas “experience” (that is, losing money) who of sound mind would step up?
Am hoping some concessions can be made by the government and other debtors, but Bobby’s post points out why money, not “kumbaya”, is what makes the racing world go round.
Should you be piling on here since you didn’t pay??? Just curious…
In all fairness, he did own the track for several years and didn’t require a 1/4 of what this regime has racked up, all the while putting on 30 car late model races, winged sprints, and everything else. Am I wrong?
Yes, you are. First, he and Gary leased the track, the Airport Authority owns it. Bobby required almost exactly the same as this regime. Gary did most of the heavy lifting as i recall, and i believe he’s the one that had the money. Bobby didn’t pay his bills either. Taxes aside, i seem to recall some racers complaining that they never got money they were owed. Word was that Kevin had to pay off a lot more than just the tax bill.
A lot of Florida race tracks were putting on 30 car Late Model races in those days. Along with sprints and everything else. Not many are now.
The disturbing part of this thread is Bobby using the word " we " in his report on the minutes of the meeting. Does this mean Bobby et al are trying to get the lease again?
Matt. What’s disturbing is your above post. Things that you think are facts are not even close to the truth. You should do a little research before you post false information like what you post above. Are you intimate with the details that Bobby had in his lease? And are you 100% sure that Gary’s name was also on the lease when Bobby originally signed it?
Also, I won the last super late model race at Punta Gorda and was paid in full personally by Bobby. He made sure we got every dime that we had coming to us. Would you care to list the drivers that you claim were not paid? I would love to hear your list.
No, i have no idea if Gary’s name was added to the lease after Bobby signed. I’m just wondering what possible difference it would make to the unpleasaent end of the lease.
The intimate details of the lease have nothing at all to do with Bobby not paying his taxes. Or are you privy to lease details that said he didn’t have to pay taxes? Thanks to Bobby spreading the word, we now know the tax situation for the current lease holders though.
As for the racers not receiving what they were owed, well, then that’s my mistake. As long as you were paid for the last race, i guess that automatically means everyone was paid every penny they were owed for all of the races run there.
How about some reading comprehension 101? My post says " i seem to recall some racers complaining that they never got money they were owed". How did you come up with that sentence being fact? Actually my research consisted of talking to people at the track, and reading the many posts on the track web site.
Sit tight, you might hear from folks that weren’t paid if they read this thread.
But of course it’s all water under the bridge now.
Matt likes to invent a lot of the “facts” that he posts, it’s not just in this case… :-p
Just to underline a couple of things here,
The track in Punta Gorda needs a new lease holder, someone who has money ( or access to money ), is willing to spend that money on improving the facilities and purses large enough to bring in full fields of race cars that the fans want to see. Someone who is willing to put in the effort to get that place up and running. Someone who is wiling to spend far more money than is coming thru the injectors for a year or even two. Someone who knows how to run a race track and put on races correctly. Someone who can work with the Airport Authority, as well as the city and the county. And he needs to hire someone who knows how to market the track, and how to bring sponsors on board.
It looks as though the current lease holders have none of those traits.
I remember when that track was running on all 8, and it was a great track.
Anybody have Copes or Critters phone numbers? Only thing is, i’d be very surprised if the Airport Authority can just re-assign the lease when ever they want. The track could be bottled up for another year or two.
Hit us with some facts that would refute Matt’s post.
[QUOTE=Matt Albee;161207]
As for the racers not receiving what they were owed, well, then that’s my mistake. As long as you were paid for the last race, i guess that automatically means everyone was paid every penny they were owed for all of the races run there.
How about some reading comprehension 101? My post says " i seem to recall some racers complaining that they never got money they were owed". How did you come up with that sentence being fact? [/QUOTE]
Do you “seem to recall” the names of any of these supposed racers? Or is it again another statement that you made that you can’t back up?
Matt, why don’t you hit us with some fact instead of all of your “I seem to recall” BS. Your credibility is pretty much gone around here.
Also at the meeting we heard
isn’t bobby working with/for Denny at Desoto? Just a thought to ponder.