Now you can own a race track

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  • Barbecueboy
    Senior Member
    • Mar 2013
    • 18116

    #31
    Both most likely.....business along 501 but there are a ton of homes that back up close to it already along the backstretch.
    I haven't heard one way or the other but I'm sure the county will have no problem approving a decent proposal from a reputable developer.

    That whole area out there in and around Carolina Forest is booming.

    As a point of reference the speedway sits about a mile inland from the intracoastal waterway bridge you cross over coming into Myrtle Beach on highway 501.
    Where is the move over flag when you need it?????

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    • dalex9
      Member
      • May 2007
      • 74

      #32
      Re: Husets - a real nice facility but if he was willing to give it all to the winner of the race and wanted $200,000 per car with a minimum of 24 cars; isn't that $4,800,000? And now he wants $9,500,000 or so for it?

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      • JDZ
        Senior Member
        • Aug 2007
        • 383

        #33
        Originally posted by dalex9 View Post
        Re: Husets - a real nice facility but if he was willing to give it all to the winner of the race and wanted $200,000 per car with a minimum of 24 cars; isn't that $4,800,000? And now he wants $9,500,000 or so for it?
        There was some big story about how his tax professional told him how much money he could lose and how much he could write off on taxes. For the $200k entry, one person was going to win the track or $3.6 million. 2nd place was going to get their entry fee back, and the rest would lose money. No wonder only 3 people entered.

        Not sure if it's still for sale, but it makes this look like a decent deal for $800k: https://racingnews.co/2019/06/27/dev...rack-for-sale/

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