NHIS Being Sold

NHskier · 11-02-2007, 10:52 PM

According to "Live Free, Drive Fast" by Allen Lessels (Plaidswede Publishing, 2006) Bahre's original investment in the track was $10-14 million.

From the context, that $ amount would appear to have included purchase of Bryar Motorsports Park and initial construction.

NHskier

NHskier · 11-02-2007, 11:03 PM

Regarding a monopoly in ownership - while it's true track ownership is dominated by two firms it has been that way for years now. As I recall the last big merger was when Roger Penske sold his tracks (California, Michigan, and ??) to Bruton Smith/Speedway Motorsports some number of years ago. So I'd expect that if the federal government was concerned about a monopoly that would have been the point at which they would have stepped in rather than now with NHIS.

That said, the Bush administration has not been terribly concerned about monopoly situations, also reducing the chance of this sale being contested.

With the sale of NHIS I believe Dover is now the only remaining independently-owned track.

NHskier

LIforrelaxin · 11-02-2007, 11:40 PM

Quote:

Originally Posted by NHskier

With the sale of NHIS I believe Dover is now the only remaining independently-owned track.

NHskier

This is a fairly good article on the sale of NHIS. It also states that with the sale of NHIS there are 3 independant tracks left... Pocono, and Dover are specifically mentioned, and Indy would be the third.

http://msn.foxsports.com/nascar/stor...813162&ATT=167

fatlazyless · 11-03-2007, 03:58 AM

Anyone know what the town uses for an assessed value on the NHIS? Should be a publc record?

So, looking at 340m, is that 150 for each race event and 40 for the track, or something?

Coolbreeze · 11-03-2007, 07:53 AM

Why doesn't the state buy it and run it as a business. I'm sure other racing venues can be done there other than a well as NASCAR. How about slot machines too? I'm sure that would peak the economy a bit. (Just a question don't let me have it all at once...I'm very sensitive)

fatlazyless · 11-03-2007, 09:18 AM

Good point, Breeze, a casino w/ slots.....why not? Spending thirty dollars at the Cumby Farm for a state scratch ticket is already gambling so the state is already in up to its' waist. Plus, the state has state liquor stores all over the state. There's a brand new one at exit 28 that is so empty of customers no normal business would ever locate there, except for the state.

If NH builds a casino, people will come! Come to Loudon and win big at the Granite State Speedway Casino.........aka Speedy Casino !

Otherwise,, after one race moves to Vegas, and then the next year, the other race moves to Texas, the racetrack could end up a venue for a permanent flea market and weekend yard sales. Hey, I like yard sales! Could be a good thing! Oops, might be a bad thing! Oops, might have to raise the tolls at Hooksett up to two dollars.....I dunno......things are moving too fast?

...maybe you want to google Bruton Smith wikipedia...

trfour · 11-03-2007, 01:21 PM

at Fridays news conference, Fort Worth Texas.

But it’s also important to fans in New England, who have supported what will come to be called New Hampshire Motor Speedway, to know what will happen in 2009 and beyond.
“Don’t be nervous,” Smith said when asked to address potential anxiety among that fan base. “... In buying speedways, we’ve always done some great things. I am expecting to do some great things in New Hampshire as well. ... We will make enough changes there that you will have to like some of them.”
Smith has made remarkable changes at Bristol, Atlanta, Las Vegas and Infineon, and he redid the track here twice at this $350 million showplace trying to get it right.
He’s contemplating big change of one kind or another at Lowe’s Motor Speedway, too – either spending millions to renovate it or building a whole new track as a result of a spat with the city of Concord over his plans to build a drag strip. Smith said Friday that his New Hampshire purchase doesn’t impact his decisions about the Charlotte move one way or another.
But Smith also bought Rockingham, harvested its date and shut it down. He also got a date when he bought 50 percent of North Wilkesboro. Bob Bahre had the other half of the defunct North Wilkesboro property, but that’s part of the deal announced Friday, too.
Chris Powell, the general manager of Smith’s track in Las Vegas, stood at the edge of the stage the whole time. After the news conference, Powell was surrounded by reporters and said he’d lobby to get a second race for his track each year.
I think he’ll get it, but I am not yet 100 percent convinced it will be at New Hampshire’s expense.
Atlanta had a lot of empty seats last week, and there haven’t been many of those in the years New Hampshire has hosted Cup races.
With the deal expected to close early next year, the 2008 races at New Hampshire would be held under Smith’s reign.

I think that bigger and better will be comming to NHMS !

LIforrelaxin · 11-05-2007, 12:21 AM

Quote:

Originally Posted by trfour

I think that bigger and better will be comming to NHMS !

Only time will tell.... The more I have thought about this the one thing NHIS or NHMS if you will.... has going for it is the land..... Even if a Cup race is pulled there is the potential to get other events in there.......

On the flipside if they start to develop the land more I question two things..... how much trouble will the tree huggers make......and is any of the adjacent land available.........

I am still not a fan of this deal..... mainly because I have seen historical tracks and races dumped by the two track giants..... but maybe if there is some development to the facility.... maybe a dirt track, drag strip, or revamp of the current track (e.g. increased progressive banking, or total reconfig)..... it might have the potential to all come out in the wash

Just Sold · 11-03-2007, 06:55 PM

Quote:

Originally Posted by fatlazyless

Anyone know what the town uses for an assessed value on the NHIS? Should be a publc record?

So, looking at 340m, is that 150 for each race event and 40 for the track, or something?

Unfortunately the town does not have the tax cards or appraised property values available on line unlike a majority of towns do. One thing you can get is a lot of business info in the form of company business cards. There are ads for various local businesses on the bottom left and right of the home page. Hmmm

never seen a town sell advertizing on their official web site. Is there a conflict here??? Call the ethics board!!!

So for tax information you have to call the town. Appraisal and tax cards are public records.

Check it out for yourself. http://www.loudonnh.org/

11-03-2007, 01:21 PM	#7
trfour Senior Member Join Date: Nov 2002 Location: The Lakes, Central NH. and Dallas/Fort Worth TX. Posts: 3,694 Blog Entries: 3 Thanks: 3,069 Thanked 472 Times in 236 Posts	More From Bruton Smith.. at Fridays news conference, Fort Worth Texas. But it’s also important to fans in New England, who have supported what will come to be called New Hampshire Motor Speedway, to know what will happen in 2009 and beyond. “Don’t be nervous,” Smith said when asked to address potential anxiety among that fan base. “... In buying speedways, we’ve always done some great things. I am expecting to do some great things in New Hampshire as well. ... We will make enough changes there that you will have to like some of them.” Smith has made remarkable changes at Bristol, Atlanta, Las Vegas and Infineon, and he redid the track here twice at this $350 million showplace trying to get it right. He’s contemplating big change of one kind or another at Lowe’s Motor Speedway, too – either spending millions to renovate it or building a whole new track as a result of a spat with the city of Concord over his plans to build a drag strip. Smith said Friday that his New Hampshire purchase doesn’t impact his decisions about the Charlotte move one way or another. But Smith also bought Rockingham, harvested its date and shut it down. He also got a date when he bought 50 percent of North Wilkesboro. Bob Bahre had the other half of the defunct North Wilkesboro property, but that’s part of the deal announced Friday, too. Chris Powell, the general manager of Smith’s track in Las Vegas, stood at the edge of the stage the whole time. After the news conference, Powell was surrounded by reporters and said he’d lobby to get a second race for his track each year. I think he’ll get it, but I am not yet 100 percent convinced it will be at New Hampshire’s expense. Atlanta had a lot of empty seats last week, and there haven’t been many of those in the years New Hampshire has hosted Cup races. With the deal expected to close early next year, the 2008 races at New Hampshire would be held under Smith’s reign. I think that bigger and better will be comming to NHMS ! __________________ *trfour* Always Remember, The Best Safety Device In The Boat, or on a PWC Snowmobile etc., Is YOU! Safe sledding tips and much more; http://www.snowmobile.org/snowmobiling-safety.html Last edited by trfour; 11-04-2007 at 10:38 AM.

11-02-2007, 10:52 PM	#1
NHskier Senior Member Join Date: Aug 2006 Posts: 294 Thanks: 45 Thanked 37 Times in 34 Posts	According to "Live Free, Drive Fast" by Allen Lessels (Plaidswede Publishing, 2006) Bahre's original investment in the track was $10-14 million. From the context, that $ amount would appear to have included purchase of Bryar Motorsports Park and initial construction. NHskier

11-02-2007, 11:03 PM	#2
NHskier Senior Member Join Date: Aug 2006 Posts: 294 Thanks: 45 Thanked 37 Times in 34 Posts	Regarding a monopoly in ownership - while it's true track ownership is dominated by two firms it has been that way for years now. As I recall the last big merger was when Roger Penske sold his tracks (California, Michigan, and ??) to Bruton Smith/Speedway Motorsports some number of years ago. So I'd expect that if the federal government was concerned about a monopoly that would have been the point at which they would have stepped in rather than now with NHIS. That said, the Bush administration has not been terribly concerned about monopoly situations, also reducing the chance of this sale being contested. With the sale of NHIS I believe Dover is now the only remaining independently-owned track. NHskier

11-03-2007, 03:58 AM	#4
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,929 Blog Entries: 1 Thanks: 307 Thanked 1,056 Times in 769 Posts	Anyone know what the town uses for an assessed value on the NHIS? Should be a publc record? So, looking at 340m, is that 150 for each race event and 40 for the track, or something?

11-03-2007, 07:53 AM	#5
Coolbreeze Senior Member Join Date: Apr 2006 Posts: 332 Thanks: 0 Thanked 51 Times in 26 Posts	Why doesn't the state buy it and run it as a business. I'm sure other racing venues can be done there other than a well as NASCAR. How about slot machines too? I'm sure that would peak the economy a bit. (Just a question don't let me have it all at once...I'm very sensitive)

11-03-2007, 09:18 AM	#6
fatlazyless Senior Member Join Date: Apr 2004 Posts: 8,929 Blog Entries: 1 Thanks: 307 Thanked 1,056 Times in 769 Posts	Good point, Breeze, a casino w/ slots.....why not? Spending thirty dollars at the Cumby Farm for a state scratch ticket is already gambling so the state is already in up to its' waist. Plus, the state has state liquor stores all over the state. There's a brand new one at exit 28 that is so empty of customers no normal business would ever locate there, except for the state. If NH builds a casino, people will come! Come to Loudon and win big at the Granite State Speedway Casino.........aka Speedy Casino ! Otherwise,, after one race moves to Vegas, and then the next year, the other race moves to Texas, the racetrack could end up a venue for a permanent flea market and weekend yard sales. Hey, I like yard sales! Could be a good thing! Oops, might be a bad thing! Oops, might have to raise the tolls at Hooksett up to two dollars.....I dunno......things are moving too fast? ...maybe you want to google Bruton Smith wikipedia...