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Who to Ride With, Where to Ride
ESPY Park in Pekin, IL
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[QUOTE="karterron, post: 569040, member: 29122"] I don't think it would be quite that simple Erick. Frankly, I don't see how some of them are staying in business now with the costs of land, insurance, and upkeep what it is. The price would be more like 1k or more per local DRN member to undertake that sort of commitment. My guess is the cost to acquire a track and all associated fee's, insurance, and equipment is around 300k at a minimum. I'm sure Wardy will chime in on this and tell me where I'm off, but for a track you would need at least 50 acres and land prices are around 2500 an acre, so the cost of the land before you do anything is $125,000. Now, how many DRN members are local to the track. Yes alot of us are in the central Illinois area, but how many would be willing to ante up? If the cost is 300k you would need 300 members at $1,000 each just to get started. Then the next year you have to hit them again for insurance and upkeep of the place. Some of that could be offset with races and rentals but it would still be a substantial investment from each member. I wonder what the asking price was for Wapella. I know they were trying to sell to a developer so I wonder what they wanted for the place. [/QUOTE]
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Who to Ride With, Where to Ride
ESPY Park in Pekin, IL
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