RaceNewYork
RaceNewYork Discussion => Racing Discussion => Topic started by: justmark on November 25, 2014, 07:00:01 PM
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Gordon Reger confirmed to Larry Ott that Bill Catania's offer to buy Lancaster Speedway was denied. Reger is seeking a promoter for the 2015 season at the track. There will be an article in tomorrow's Buffalo News.
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WTF? Maybe he'll buy Perry.
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Sh!t. What now?
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Well that sucks. I'm sure a business man and knowledgable racing man like bill made a reasonable offer. So the owner is being greedy. But maybe they think it's better to be closed than to take a reasonable offer. Bad idea. I don't know what the price was but if it's close maybe Lake Erie is a good plan.
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Well........there is a big surprise......not!
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http://www.buffalonews.com/article/20141125/SPORTS/141129282 (http://www.buffalonews.com/article/20141125/SPORTS/141129282)
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That stinks the open was such a positive race.
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You can put lipstick on a pig, but, you still have a pig....Repaving & Grandstand Improvements?....Sounds like the "same old, same old" again for 2015....But I hope I'm wrong....And yes; there are parties who are interested in operating the place for next season.
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Add me in as one of the interested parties...anybody got contact info for Gordon, would like to take a meeting...
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Maybe he should contact George at Shang II for a real facility, He might be ready to deal
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May have to do with cost with lake Erie speedway going for around the same price and not any really improvement needed doesn't make sense to buy Lancaster.
As far as promoters go need to get in contact with the person who runs ransomville speedway.good car count and always pack in the stands.
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lol.. does this news surprise anybody? The place is a sh!thole and he wasn't going to buy it just to lose money. The value is in the property not the delapitated garbage that sits on it.
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Anyone want to by a ticket stub from the U.S. Open? It's a collector piece now. That's what I figured. I had heard that Bill had estimated the cost to update the facility.Particularly the lights & pavement to resurface the track. He did what any business man would do. He presented that to Gordie baby. Now after these last few years any promoter was damned if he did or it he didn't. If he were to make a show of it, up goes the rent. If he didn't that's where you are today. Sad day for auto racing in western NY. Refer is a land speculator & he own many places around the country & he's not interested in racing so as did many famous places like Langhorne.Shopping Mall maybe? I'm already figuring on Perry when time & the rock tour races around NY. See ya there. Gordo baby I know a very rich person and he has always said, "ya got to spend money to make money" so get off your wallet you tight asz.
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MR Szmal. outline briefly what you would envision for the place.
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.......that plan would start with a bulldozer....and a big bag of cash. That is a $450000 piece of industrial property that is not that desirable cause its a bed of rock down about 18 to 24 inches....hard to build anything on....you guys didn't really think Catainia was buying it did you? He saw a big bag of money called the 25 year old US Open and capitalized on fans emotions about the track. That's about it..makes no sense on paper as a business deal at all...
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Are you calling Catania a fraud, a huckster? He came back three times to get the Modified portion of the Open in.
He has purchased other tracks so what you write here is a little harsh I think.
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I believe you will find he leased another track and does not own one.....or is in the running to own one.....not really harsh..
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.......and the mod guys have not been paid yet.....
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Pretty sure he has made an offer for SL-2 .
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Pretty sure he has made an offer for SL-2 .
Source?
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Tough to build anything there with a high pressure gas line right behind the grandstand, that requires a right of way.
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More shangrila 2 rumors that ain't true
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well I sure would like to know the deal ending details. Bill made one heck of an effort to get the open finished, he seemed genuinely excited about purchasing the track, and the turnout of fans and drivers seemed to support the "test". It was reported that he made an offer so what happened? Did he make a lowball offer that Reger could not accept or is Reger being unrealistic on what he wants? Is the property worth more for something other than refurbishing the speedway? I was already making plans to keep sat. nights open next summer. I know it really doesn't matter but sure would like to know what really happened.
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No real offer for SL2 has been brought to George as of yet.
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I believe you will find he leased another track and does not own one.....or is in the running to own one.....not really harsh..
He purchased Stateline Speedway which is a money maker with full stands and 200 cars in the pits every Sat night. I don't believe he's tried pulling a fast one on anybody. He took what he believed was fair value to the table and it was turned down which is what most people figured except for the dreamers on here.
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Gomer does george want to sell?
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Heard Stateline was not closed in stone still yet because of the back taxes.
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Kosmo, I'm sure if the money is right.
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I believe you will find he leased another track and does not own one.....or is in the running to own one.....not really harsh..
He purchased Stateline Speedway which is a money maker with full stands and 200 cars in the pits every Sat night. I don't believe he's tried pulling a fast one on anybody. He took what he believed was fair value to the table and it was turned down which is what most people figured except for the dreamers on here. He has not purchased stateline speedway as of yet, claimed to be buying eriez speedway and no action there. maybe he found a new hobby?
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He sure put a lot of time and money into Stateline this year for someone who doesn't own it.
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Does it matter? Big Bill can do whatever he wants with his money...He doesn't have to spend it how you want....This isn't the mid 90's and before where the place was something to buy....Why overpay for a dump expecially when asphalt is DEAD....
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Bill has inquired about the Lake Erie Speedway sale; the Eriez & Stateline deals aren't done according to an article in the Erie Times-News today.
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http://mobile.goerie.com/html5/sectionfront/content/?content=31864709&type=ETN&story=Lake+Erie+Speedway+for+sale%3B+Eriez+%26amp%3B+Stateline+deals+still+not+done (http://mobile.goerie.com/html5/sectionfront/content/?content=31864709&type=ETN&story=Lake+Erie+Speedway+for+sale%3B+Eriez+%26amp%3B+Stateline+deals+still+not+done)
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What was that sound Pac-Man used to make when he got "killed" in the old video game.
That's what's playing in my head. :-\
https://www.google.com/search?q=Pac-man&oq=Pac-man&aqs=chrome..69i57j0l5.3194j0j8&sourceid=chrome&es_sm=93&ie=UTF-8# (https://www.google.com/search?q=Pac-man&oq=Pac-man&aqs=chrome..69i57j0l5.3194j0j8&sourceid=chrome&es_sm=93&ie=UTF-8#)
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So much for tweeting@wesavetracks
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I don't think he owns Stateline eather.
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Quote from the 'goerie.com' article:
"The property at LES has been listed with Howard Hanna Real Estate Services for $1.75 million. Prischak said an asking price for the complete facility hasn't been determined."
Read that carefully..... So, what does a buyer get, for $1.75 million? The track, the land around it, or both?? At 1.75 million dollars, yes the facility would be a steal. But the way that statement is worded, it appears there's more to it.
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Leadfoot, I wondered the same thing. It would be hard to take the racing surface with them so maybe for that money you don't get the bleechers, fence or Kaczay.
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Check Dave Buchanan's FB page for an update, gang...
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why dont you just tell us what was posted smallguy
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Since the cat is out of the bag, and the AARN article has it wrong.... Melissa McGowan has been hired as General Manager of Lancaster Speedway. Melissa worked on the US Open promotion and served as a great leader and organizer. During the Open she was blown away by everyone's dedication and love of the speedway, which is why she is taking on this position. After getting to know the track and the people involved with it she came to love it as well and she will be a valuable asset in the next chapter in the history of Lancaster Speedway.
There will be an official statement later this week with some details. Please be patient if all of your questions are not answered right away, there is a lot of work to be done. Just be reassured that the track will be open this season.
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.
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Sweet