LAT: "In Monterey, a battle for historic Laguna Seca raceway"
07-23-2016, 12:41 AM
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LAT: "In Monterey, a battle for historic Laguna Seca raceway"
From the LA Times
Read the article here.
At stake is the management of the Laguna Seca racing venue, host for almost 60 years to some of the power sports industry’s most important automobile and motorcycle competitions.
On Monday, according to sources close to the battle, the teams will appear before the Monterey County Board of Supervisors in a hotel in the quaint seaside city. They hope to persuade officials to give them control of the historic raceway, built on former military property inland from the popular tourist towns of Monterey, Carmel and Pebble Beach, and run as a county-owned facility since 1957.
The interested parties are representatives from current Laguna Seca managers Sports Car Racing Assn. of the Monterey Peninsula, or SCRAMP, which has teamed with Florida-based International Speedway Corp.; a Monterey coalition calling itself Friends of Laguna Seca; and a partnership between Long Beach Grand Prix founder Chris Pook and Monterey-based fast-food restaurateur Landon Hofman.
On Monday, according to sources close to the battle, the teams will appear before the Monterey County Board of Supervisors in a hotel in the quaint seaside city. They hope to persuade officials to give them control of the historic raceway, built on former military property inland from the popular tourist towns of Monterey, Carmel and Pebble Beach, and run as a county-owned facility since 1957.
The interested parties are representatives from current Laguna Seca managers Sports Car Racing Assn. of the Monterey Peninsula, or SCRAMP, which has teamed with Florida-based International Speedway Corp.; a Monterey coalition calling itself Friends of Laguna Seca; and a partnership between Long Beach Grand Prix founder Chris Pook and Monterey-based fast-food restaurateur Landon Hofman.
07-23-2016, 10:46 AM
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"The report said that SCRAMP was experiencing at least a $250,000 operating shortfall annually, off total annual revenue of $10 million to $15 million a year “for each of the last several years.”"
Can't do that for very long...
Can't do that for very long...
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Specializing in Professional, Private Driver Performance Evaluation and Optimization
Consultation Available Remotely and at VIRginia International Raceway
07-23-2016, 10:53 AM
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COTA has them beat in that department...
07-24-2016, 12:27 AM
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ISC rejected the idea of making a bid for operating the track after due diligence.
Now, they've been hired by SCRAMP, itself a non-profit, to join them in submitting a new contract request from the County Commisioners. Amazing. Politics makes strange bedfellows...
Now, they've been hired by SCRAMP, itself a non-profit, to join them in submitting a new contract request from the County Commisioners. Amazing. Politics makes strange bedfellows...