I would think it has next to no land value due to location. At the current price it would be cheaper to start over.
hey Brian, I was referring to hwy 2 road frontage that is mostly unused
if 6 or 8 building lots could be subdivided and sold, raise maybe 750 to a mil
track could operate as usual, but no one wants to build in that area
because of what is just a stone's throw to the south
in a normal S. Ontario real estate market you could entertain this idea
If it sells, then what happens to it afterward is TOTALLY up to whoever the new owner is.I paid for FAST ....what's gonna happen if it sells before my course day?
Also, I'm in if any one wants to co own it...if 10 or 15 of us get together and pitch in..hey..who knows!
the new owner should include in the purchase contract a reduction in the purchase price equal to that of any prepaid services.If it gets sold, all pre paid events could be forfeit. Those deals were done with the current ownership....not the new ownership. As a new owner, they would want the profit from those events or something worked into the purchase by the current ownership. Happened when Cayuga got sold. The prepaid track days were null and void by the new owners.