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Topic: Husets Speedway
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Page 3 of 3 of 59 replies
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August 25, 2017 at
10:01:32 AM
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Reply to:
Posted By: Threebeerminimum on August 25 2017 at 09:43:27 AM
It will make a nice campground someday. No one will remember it was once the site of a great venue. Racers and fans have moved onto other venues already. There is no value left as it is now.
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You might be aiming a little too high. It would be hard to get insurance on a campground in a major flood plain.
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August 25, 2017 at
10:05:03 AM
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Reply to:
Posted By: frenchy on August 23 2017 at 07:56:59 PM
I still don't understand how it makes sense to have it sit empty. Even sitting empty there are still expenses such as property tax, insurance, maintenance, etc. I would bet it costs at least $100,000 a year just to own the place and do nothing with it. So why not run some races and try to make money or lease it out to someone that will run them for you? I think that the racetrack and the pawnshop must have been some kind of money laundering scheme. All of the contractors that worked on one worked on the other and they traded out work for suites. I don't know enough about money laundering to know how it would work but something was fishy.
What I would love to see happen to the track is for Terry McCarl to lease the track from Chucky and run and promote it. He knows Husets about as well as anybody, he's a great promoter, and he's a racer. I think he could figure out a way to get the racing surface to work (and when it does Husets is awesome), work with Knoxville and Jackson, and make racing strong in the midwest again.
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It sits empty because that drains less money out of the current owner's pockets than it would if they had races. Sure there's a lot of people thinking a reasonable person would do it differently, but that would require a reasonable person to start with.
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August 25, 2017 at
12:56:14 PM
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I'm tired of waiting, I'm going to lunch! Guess I better set the DVR for KELO tonight so I don't miss the big news.
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August 25, 2017 at
01:39:17 PM
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Did I miss the announcement, or were you just blowing smoke(again)?
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August 25, 2017 at
04:44:59 PM
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Must be going to make it during the evening news?
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August 25, 2017 at
05:28:10 PM
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Maybe he hopes if he says it enough times eventually it'll happen
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August 25, 2017 at
07:00:43 PM
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Reply to:
And what time should we "book" for this announcement? It's already 7pm.
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August 25, 2017 at
08:17:27 PM
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This message was edited on
August 25, 2017 at
08:18:57 PM by bigsix98
Here it is
2025 Badlands motor Speedway Schedule (Special Dates)
May 17- Chucks 2nd Annual Kegger
May 24- NSL
June 14- WoO
July 4- USAC
August 15-16th- Middle Finger to the Knoxville Nationals Nationals
August 17th- Chuck gets mad and cancels the rest of the season.
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August 25, 2017 at
09:08:09 PM
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Reply to:
Posted By: bigsix98 on August 25 2017 at 08:17:27 PM
Here it is
2025 Badlands motor Speedway Schedule (Special Dates)
May 17- Chucks 2nd Annual Kegger
May 24- NSL
June 14- WoO
July 4- USAC
August 15-16th- Middle Finger to the Knoxville Nationals Nationals
August 17th- Chuck gets mad and cancels the rest of the season.
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MORON ALERT
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August 26, 2017 at
12:44:30 AM
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Reply to:
Posted By: newbeevur on August 22 2017 at 10:32:24 PM
Ironically I just received a text on this Subject today.
I heard there will be an announcement on Friday.
Not gonna get specific but the alleged new buyers are from South Dakota.
Rumor mill deluxe, but I can assure you this isnt from shake n bake.
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Ha Ha!! Who did you hear that from? A turd circling the bowl before it went down?
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August 26, 2017 at
12:46:12 AM
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Keep posting that and just like a bad weatherman, sooner or later (probably much later) you will be right!.
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August 26, 2017 at
08:29:21 AM
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That's it! Friday came and went and no big announcement. I have now completely lost faith in shank-n-bake as being a credible source for news and insider information. He has now lost all the credibility he never had. Count on it! Book it! FACT.....
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August 26, 2017 at
08:37:30 AM
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OK - here it is Iowa State Fair Secretary Gary Slater just announced that the Iowa State Fair is going to buy Husets. He had promised that the NEW Fair Grounds Track was going to be located in the NW Corner of the Grounds, going to hire Knoxville Fair Board to promote the facility - his wife is still bitching about races at the fair grounds.
Well OK Fake Press But it's got to cause a laugh and just as factual as other reports.
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August 26, 2017 at
08:51:03 AM
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Reply to:
Posted By: vande77 on August 23 2017 at 01:46:35 PM
yes, but that still leaves $4 million to get to his asking price.
If there is a group of 10-20 people willing to invest and lose $500,000 each and do it as a hobby and not worry about making $$ then yes, it's viable.
If there is one person willing to spend $7.5 mil, operate it for 5 years and then sell for $2 mil and take a loss of about $5 mil then yes, it's viable.
Dennis Roth and Tod Quiring seem to be in it racing for the love of the sport, not to make $$$. Their other business ventures allow them to be involved (as does Richard Marshall). The pool to draw from that are in that boat is VERY small and most are already involved in one form or another.
I do hope it gets sold and operates as a racetrack.
The problem isn't the track or facility, the problem is the current asking price.
Heck, Tony Stewart reportedly paid $5mil for Eldora (nothing official, that is just what people say he paid, my guess is it was half that), but it had a lot going for it already (marquee events with big crowds, tradition and mystique). Huset's has none of those things and the asking price started at over double what Tony reportedly paid. That is the #1 issue, the asking price. if it was priced at $1-1.5 mil I have no doubt someone would have purchased it already.
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It is very easy to see what was paid for Eldora. Go to the Darke County Auditors website. The selling price was $3,722,895.00 for the two parcels Earl sold. You can ask anything you want for a property. However, when you price it too high (as appears to be the case with Husets), you can lose the most willing and interested buyers. As a result, you could end up getting less then the fair market value. This is often the result of being overpriced from the onset. I speak with experience being a Real Estate Agent for over 12 years. It is obvious this property is way overpriced and you have to wonder the real reason why. Does he really want to sell? Only time will tell I guess.
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August 27, 2017 at
10:18:33 PM
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Reply to:
Posted By: YRB12 on August 26 2017 at 08:51:03 AM
It is very easy to see what was paid for Eldora. Go to the Darke County Auditors website. The selling price was $3,722,895.00 for the two parcels Earl sold. You can ask anything you want for a property. However, when you price it too high (as appears to be the case with Husets), you can lose the most willing and interested buyers. As a result, you could end up getting less then the fair market value. This is often the result of being overpriced from the onset. I speak with experience being a Real Estate Agent for over 12 years. It is obvious this property is way overpriced and you have to wonder the real reason why. Does he really want to sell? Only time will tell I guess.
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If Chuck is as filthy rich as some people think he is, he likely doesn't need to sell the property so unless the other parties that have money invested force the sale I believe that Chuck is perfectly happy to see Huset's sit idle indefinitely.
He is plenty of an arrogant ass to make sure that no one else can successfully operate the track that he managed to screw up 50+ yrs of history in little over a years time.
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August 28, 2017 at
02:01:33 PM
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I went by the track this weekend. The track is still there. It's still for sale. Francisco Franco is still dead.
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August 28, 2017 at
07:17:33 PM
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Chuckie will bring out the heavy equipment and turn it into a big parking lot. jmo
Knoxville Natioanls attendee since '95
Favorite Tracks...River Cities, Knoxville, Cedar Lake
Favorite Drivers...S.Kinser, T.Kaeding, K.Madsen, S.Smith
Proud Canadian
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August 28, 2017 at
09:47:22 PM
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Reply to:
Posted By: Murphy on August 28 2017 at 02:01:33 PM
I went by the track this weekend. The track is still there. It's still for sale. Francisco Franco is still dead.
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How high was the grass and weeds out there?
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August 28, 2017 at
10:02:17 PM
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Reply to:
Posted By: RHC on August 28 2017 at 09:47:22 PM
How high was the grass and weeds out there?
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Taller than my lawn, but with all the rain that's not saying much.
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August 30, 2017 at
08:56:26 AM
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So if DLC is back operating in South Dakota, he should be able to fund the track? Just a question.... I hope we get new owners soon.
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