gateway

[hemiman4262003]

i seen this morning on stltoday.com,top story was about gateway and being doom,all they talked about was nascar,didnt say anything about nhra pulling out too,im glad mar is opening,im real excited about it and looking forward to racing next yaer

[harshman]

No comment about NHRA, but if you check the NHRA schedule for 2011 there is no St. Louis stop...hopefully in a few years there will be a MARP stop

[hemiman4262003]

yea i know nhra dropped st.louis because of the deal with dover and it being sold

[hemiman4262003]

also on another not,that midstate dragway might close to,so mar will benifit from 2 tracks closing,i asked midstate why there name no longer is in the track directory in national dragster and they wouldnt commet on that

[falfa]

i think we all know about midstates problems.

[dennismopar73]

hello everyone
i m very saddened over gateway deal
but the deal was sealed when it was built
we all knew but thought all would be well in due time
gateway track is one the best around management has always
i mean always been bad
that goes from top to bottom
corp is so far removed as with all' corp' run companies
i have a new car that i hope i dont have to drive 4 hours to get to a 1/4 mile track
so i' m really pullin that this new track does come to a reality
wether it has a garantied purse or not doesnt matter
so lets see how this track comes to be

[warpedspeed]

The Gateway deal reeks of corporate greed. IMO....the only way for the track to exist in the future is for the state of IL to seize it for money owed and sell it for what is owed. Even then it would be a hard way to go for new owners.

[crossbonesdennis]

Oct 24, 2010 14:18:01 GMT -5 warpedspeed said:

The Gateway deal reeks of corporate greed. IMO....the only way for the track to exist in the future is for the state of IL to seize it for money owed and sell it for what is owed. Even then it would be a hard way to go for new owners.

Where have you seen that they owe money to the state? In print, not rumors?

[crossbonesdennis]

It seems more like Dover is getting out of the racing side of the business. They tried selling Memphis. Now Gateway. Racing is a small part of their overall company. Would you keep a part of your business that loses money every year?

[warpedspeed]

www.lethal1320.com/forums/index.php?topic=4753.msg36679#msg36679

The minute you sign the deal, you owe the money.

[crossbonesdennis]

Oct 24, 2010 18:46:58 GMT -5 warpedspeed said:

www.lethal1320.com/forums/index.php?topic=4753.msg36679#msg36679

The minute you sign the deal, you owe the money.

Yes the taxes are (were) very high on Gateway. It was valued at 8-10 million. I don't remember the exact number. When they dropped Nascar and didn't renew with NHRA, the value dropped to about 1 mil. They went to meetings to get the taxes lowered to reflect the changes.

[miamiman]

i heard a rumor that john taylor and jerry haas and several other investors are in negotiations with dover and the state of ilinois to purchase gateway raceway

[hemiman4262003]

i dont dought if they dont buy gateway,its a good tarck,just needs the right people to run it and make it work,and no only 5 point races a year there,im going to run there this weekend,last race around

[crossbonesdennis]

Here's a whole list of rumors.
crossbonesracing.proboards.com/index.cgi?board=gateway&action=display&thread=1444

[dennismopar73]

GOD LOVE RUMORS
I HELPED KEEP THEM GOING
MYSELF
UNLESS THE SHIEK (ADRL IE KENNY KNOBLE ETC)BUY THAT PLACE , AND I DONT SEE THAT HAPPENING,, IT WILL BE THE LAST YEAR !!
BECAUSE YOU CANT GET THE LAND THATS UNDER IT!!
DOVER DOES WANT OUT
ITS A SHAME BECAUSE NICE TRACK ANYWHERE
WE ALL WANTED STATE OF THE ART TRACK ,, WE GOT IT
NOW WE LOSE
AS FOR MANAGEMENT BEEN THE SAME CRAPPY SINCE IT WAS BUILT
PEOPLE COMPLAINED ABOUT NOT GETTING OUT BEFORE 1 AM
WELL SAME FOR BENTON / SIKESTON I HAVE BEEN TO THEM IT WAS THE SAME
JUST PEOPLE MORE FRIENDLY THEY TALKED TO YA WHEN YOU WAS THERE ALL KNIGHT
PLUSE THE DRIVE SUCKED,
HOPEFULLY GATWAY WILL STAY AND A BUYER WILL COME FORWARD
BUT I AFRAID IT WILL BE BIG TRUCKS SITTING THERE