Racing General

[OzDaddy62]

http://autos.sympatico.ca/auto-news/14182/famous-racetrack-officially-bankrupt

[Dirty_Harry44]

Whoa! I figured that it would be the ultimate track day venue for Europeans as well as the wealthy rest of the world (oil tycoons and such.) I KNOW Id be on a plane there If I could. But I cant so here I play GT5.................................

[exXboxFan]

purists have argued that the amusement park, shopping center etc. turned a race venue into a disney wannabe and that's part of what was causing the financial troubles, so selling that crap off to the highest bidder would be a step in the right direction anyways.

hopefully the article is correct that the track itself will survive this.

[White_R34]

One of the tracks big down falls is it's a state-owned company that runs the track. I though it was owned by Mercedes Benz or BMW. If it were owned by a Private Company it would not be in that mess!

[MastrGT]

These are still public roads, just like Bathurst, in Australia, so the roads aren't going anywhere.

[exXboxFan]

it's hard to say.  a lot of private companies have financial troubles, but certainly having the "state" run anything business related is a recipe for eventual problems.

[Brrnout]

Interesting how such a popular venue could bankrupt like this. You think that it would do well enough to sustain itself.

Cheers, Brrnout

[CaptainAlbator]

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Brrnout wrote:

Interesting how such a popular venue could bankrupt like this. You think that it would do well enough to sustain itself.

Cheers, Brrnout

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Gas prices. Environmental issues. Insurance costs. A myriad of reasons combined could lead to a venue like this having financial trouble. 

[MastrGT]

I don't know the specifics about the park, but Europe also is having a rough time, at the moment, too.

Building amusement parks or other tourist related projects, at this time, isn't the most prudent venture to start now.