ECONOMIC IMPACT
Information gathered from other racetrack communities indicates the following:
- Major tax assessment losses to the municipality
(See: St Thomas dragway and Assessments from Beaver Run)
- Increased mortgage renewal risks due to devalued properties
- Projected negative impact on already existing tourism business... and a potential over-all major loss of tourism
- As with other tracks, eventually all new business created locally may migrate to the track under ownership of the track itself.
- Negative impact on building industry & real estate sales. Realtors are obliged, by a Code of Ethics, to disclose anything adverse and motorsport or potential motorsport tracks are being disclosed.
...Why is that?
More economic impact information will follow shortly on this web site
JUST REMEMBER: ONCE A TRACK IS ESTABLISHED, YOU LIVE WITH IT!