Feffman Posted November 23, 2009 Report Share Posted November 23, 2009 Just picked this off the Bluegrass Motorsports Park web site. Looks like it may actually happen. Feff www.MVPTrackTime.com _______________________________________________________________ Project Update: 11.11.09 On September 14, 2008, the crash of Lehman Brothers changed the financial markets in a way not foreseen in modern times. The financial, real estate and construction sectors were all hit hard. A start-up such as Bluegrass Motorsports Park has to run the gauntlet in all of these sectors to be able to open. Because after all, any way you cut it, constructing a motorsports park is a real estate based project. As such, this has presented unforeseen challenges to the owners to bring the first phase of this project to completion for the planned 2009 season. With this behind us, we now must look forward to 2010. We had a significant delay earlier in the year relating to the federal permitting as was discussed on our web site. Thankfully, this issue is behind us. The primary reason and the one affecting us today is that we have been slowed down by banking issues that arose in the current economic environment. The terms proposed by our original bank had changed many times that it continued to put the project and owners at risk. As a result, the project has been moved to a new bank to finalize the remaining funding to complete the track in basic operational form. Our loan has been approved and we are literally down to negotiating the final terms to bring about the loan closing. This will finish the paving, safety, and related matters to open the track for operations. We appreciate your support and patience and will be back with a further update after the loan closing and a date the construction will be back on site. The project is very much alive and moving forward despite the unforeseen hurdles we have had to jump. Thank you. Quote Link to comment Share on other sites More sharing options...
Smokey Posted November 24, 2009 Report Share Posted November 24, 2009 Let's hope it stays positive for them. I was really looking forward to another nice track within driving distance. Quote Link to comment Share on other sites More sharing options...
AudiOn19s Posted November 24, 2009 Report Share Posted November 24, 2009 I'll believe it when I see it. Our local DE chair with PCA says he will not plan any 2010 events with Bluegrass after what went on last year. Andy Quote Link to comment Share on other sites More sharing options...
Tripleskate Posted November 24, 2009 Report Share Posted November 24, 2009 I'll believe it when I see it. Our local DE chair with PCA says he will not plan any 2010 events with Bluegrass after what went on last year. Andy Porsche Club? Did you participate in any of their events over the Summer? I might have seen you/your car! Quote Link to comment Share on other sites More sharing options...
AudiOn19s Posted November 25, 2009 Report Share Posted November 25, 2009 Porsche Club? Did you participate in any of their events over the Summer? I might have seen you/your car! none this year Had a busy / crappy year and didn't have any time for the track. Quote Link to comment Share on other sites More sharing options...
PGH STEELERS Posted December 7, 2009 Report Share Posted December 7, 2009 Man this coming year, I will be making an actual road course, not a parking lot course. I wanted to make a road course track this year in the worse way, but since I have been laid off, the road course racing was put on hold. Quote Link to comment Share on other sites More sharing options...
PGH STEELERS Posted December 8, 2009 Report Share Posted December 8, 2009 Did anyone receive the new email about if you pay for an event before January 1st 2010 for Gingerman is $150.00 and anything after is $165.00 and so on? Sounds like someone needs money. Quote Link to comment Share on other sites More sharing options...
Feffman Posted December 8, 2009 Author Report Share Posted December 8, 2009 Hi All: You are all welcome to join us (www.MVPTrackTime.com) at Putnam Park near Indianapolis April 10-11, 2010 for our "4th Annual Tax Freedom Track Weekend". Hope to see you there. Feff Quote Link to comment Share on other sites More sharing options...
PGH STEELERS Posted December 8, 2009 Report Share Posted December 8, 2009 I have a friend in the Chicago area that keeps telling me to come to one of these events. I will see what I can do and hope to make one of these. Quote Link to comment Share on other sites More sharing options...
Feffman Posted December 29, 2009 Author Report Share Posted December 29, 2009 Hi All and Happy New Year: I received the note below from Brad Poppel at Bluegrass Motorsports Park after an inquiry about getting on the track in 2010. Not encouraging at all. Feff www.MVPTrackTime.com Hey Mark, Good to hear from you. We’re doing our best to be open for 2010, but I am not putting my name behind anything right now. Anything to avoid the 2009 fiasco! We are however still filling up our schedule with renters who are very aware of the situation. We obviously will not require a deposit from you, so if you want to hold a date, then I suggest you contact Kurt Niemeyer who is handling the scheduling. I will definitely update you once we have 100% direction. Happy Holidays Mark. -Brad Quote Link to comment Share on other sites More sharing options...
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