Red River Raceway Track is for Sale

Bobby Brannon · 10-30-2008, 10:57 PM

Jeff I might pay half if you pay half

Ed Wright · 10-31-2008, 11:49 AM

It will certainly be a shame to loose it.

4543 · 10-31-2008, 03:18 PM

Bobby, How much is half? MIke McMahan 4543 I/SA

Bobby Brannon · 10-31-2008, 03:41 PM

Mike email me bobbybrannon@cs.com

John Kelley · 03-07-2009, 09:42 PM

Has Red River been sold ?
Who owns the place now ??
I heard a RUMOR.......that Rusk might be bulldozed because of inheritance taxes...JUST A RUMOR FROM ONE GUY......

bill dedman · 03-07-2009, 10:52 PM

I was there a couple of years ago and it looked like a really nice facility to me.

I think the money problem is that it's too far from a sizeable population center; it's not that close to Shreveport, and failing that, there is virtually NOTHING for miles in any direction. I could be wrong, but I just think its location is not good, crowd-wise.... too far for people to drive, either to race OR to watch.

Too bad; I hate to see drag strips like this one close.

John Kelley · 03-07-2009, 11:33 PM

So basically in one area we have three tracks GONE. Hallsville,Rusk & Red River and Monroe is for sale.
Sad statement about drag strips in that area. There is Pine Valley near Lufkin still going for now.

Dragsinger · 03-08-2009, 08:07 AM

John,

The East Texas drag race community once thrived and was a hot bed of hot rodding. But, today, that is not the case. It troubles me because I was a part of the Golden years. It just gradually, little by little, slipped away.

When Johnny Issac pulled the plug on Cherokee I said to my self, "that is the last stray, something has to be done"

Lately, a committee is at work in East Texas charged with the work of devising a plan for a new East Texas track.

Here is a post from another board:
-----------------------------------------------------------------------------------------------------------------------
the new East Texas track is still in the "Impossible Dream" stage just now.

Here is the bottom line; the market will not produce enough profit to service a large bank note. Rather, private investors are required who are willing to accept delayed repayment. By forming an "S"Corp, investors can take an income tax loss up to the amount of their investment.

Once the racer and fan base is built up, investors begin to earn dividends on their investment.

Of course, another large hurdle is having programs that allow the "Mororsports Park" to be open several days per week. A regular flow of people coming to events is vital.

We are crawling just now, stay tuned.

10-30-2008, 10:57 PM	#1
Bobby Brannon Senior Member Join Date: Mar 2002 Location: Bossier City,La. Posts: 659 Likes: 3 Liked 104 Times in 35 Posts	Re: Red River Raceway Track is for Sale Jeff I might pay half if you pay half __________________ Bobby Brannon 4705 STK, SS

10-31-2008, 11:49 AM	#2
Ed Wright Veteran Member Join Date: Mar 2005 Location: Sand Springs, OK Posts: 8,132 Likes: 896 Liked 390 Times in 170 Posts	Re: Red River Raceway Track is for Sale It will certainly be a shame to loose it. __________________ Ed Wright 4156 SS/JA

10-31-2008, 03:18 PM	#3
4543 Senior Member Join Date: Apr 2005 Location: Texas Posts: 638 Likes: 58 Liked 634 Times in 139 Posts	Re: Red River Raceway Track is for Sale Bobby, How much is half? MIke McMahan 4543 I/SA

10-31-2008, 03:41 PM	#4
Bobby Brannon Senior Member Join Date: Mar 2002 Location: Bossier City,La. Posts: 659 Likes: 3 Liked 104 Times in 35 Posts	Re: Red River Raceway Track is for Sale Mike email me bobbybrannon@cs.com __________________ Bobby Brannon 4705 STK, SS

03-07-2009, 09:42 PM	#5
John Kelley Senior Member Join Date: Feb 2002 Location: Tightwad,TEXAS Posts: 911 Likes: 6 Liked 3 Times in 3 Posts	Re: Red River Raceway Track is for Sale Has Red River been sold ? Who owns the place now ?? I heard a RUMOR.......that Rusk might be bulldozed because of inheritance taxes...JUST A RUMOR FROM ONE GUY...... Last edited by John Kelley; 03-07-2009 at 09:46 PM.

03-07-2009, 10:52 PM	#6
bill dedman VIP Member Join Date: Feb 2002 Location: Conway, AR Posts: 1,739 Likes: 0 Liked 6 Times in 4 Posts	Re: Red River Raceway Track is for Sale I was there a couple of years ago and it looked like a really nice facility to me. I think the money problem is that it's too far from a sizeable population center; it's not that close to Shreveport, and failing that, there is virtually NOTHING for miles in any direction. I could be wrong, but I just think its location is not good, crowd-wise.... too far for people to drive, either to race OR to watch. Too bad; I hate to see drag strips like this one close. __________________ Bill

03-07-2009, 11:33 PM	#7
John Kelley Senior Member Join Date: Feb 2002 Location: Tightwad,TEXAS Posts: 911 Likes: 6 Liked 3 Times in 3 Posts	Re: Red River Raceway Track is for Sale So basically in one area we have three tracks GONE. Hallsville,Rusk & Red River and Monroe is for sale. Sad statement about drag strips in that area. There is Pine Valley near Lufkin still going for now.

03-08-2009, 08:07 AM	#8
Dragsinger VIP Member Join Date: Jul 2008 Location: Liberty City [East Texas] Posts: 1,760 Likes: 5 Liked 99 Times in 60 Posts	Re: Red River Raceway Track is for Sale John, The East Texas drag race community once thrived and was a hot bed of hot rodding. But, today, that is not the case. It troubles me because I was a part of the Golden years. It just gradually, little by little, slipped away. When Johnny Issac pulled the plug on Cherokee I said to my self, "that is the last stray, something has to be done" Lately, a committee is at work in East Texas charged with the work of devising a plan for a new East Texas track. Here is a post from another board: ----------------------------------------------------------------------------------------------------------------------- the new East Texas track is still in the "Impossible Dream" stage just now. Here is the bottom line; the market will not produce enough profit to service a large bank note. Rather, private investors are required who are willing to accept delayed repayment. By forming an "S"Corp, investors can take an income tax loss up to the amount of their investment. Once the racer and fan base is built up, investors begin to earn dividends on their investment. Of course, another large hurdle is having programs that allow the "Mororsports Park" to be open several days per week. A regular flow of people coming to events is vital. We are crawling just now, stay tuned. __________________ Larry Woodfin 471W

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Hybrid Mode Switch to Threaded Mode