129 replies to this topic

[D1RT]

Boy a lot of these comments are not adding up?? One side is saying there is racing happening and the track is under new ownership with races scheduled and others are posting that the Sheriff sale for the property is still going on. IF the Sheriff sale is still pending and there are multiple parties interested in this property someone must be willing to bid/pay whatever it takes to open the track back up?? On the other hand maybe someone stepped up and satisfied the debts against the property and there will be no Sheriff sale?? But as another poster said there is a lot of interest in the property so someone could buy the property that has no interest in running a race track and punch gas wells or develop it. Hmmm....

[The Legend]

Who ever buys it needs to offer yoke service in the concession line if they want a successful venture

[Dirt54]

Boy a lot of these comments are not adding up??
One side is saying there is racing happening and the track is under new ownership with races scheduled and others are posting that the Sheriff sale for the property is still going on.
IF the Sheriff sale is still pending and there are multiple parties interested in this property someone must be willing to bid/pay whatever it takes to open the track back up?? On the other hand maybe someone stepped up and satisfied the debts against the property and there will be no Sheriff sale??
But as another poster said there is a lot of interest in the property so someone could buy the property that has no interest in running a race track and punch gas wells or develop it.
Hmmm....

Went past there this morning there was a new sign up, saying future site of Tony Stewart racing head quarters, raceway and a new Rocket Sprint Chassis shop. Rocket must be building sprint cars to.

[woodbro]

Went past there this morning there was a new sign up, saying future site of Tony Stewart racing head quarters, raceway and a new Rocket Sprint Chassis shop. Rocket must be building sprint cars to.

this would verify the rumor that Smoke is NOT driving Cup anymore and will be concentrating on his dirt track career

[sprntr2011]

this would verify the rumor that Smoke is NOT driving Cup anymore and will be concentrating on his dirt track career

good,,,plenty others shuld do the same,,,,,hmmmm dave blaney comes to mind,,,,

[23wellerfan31]

Went past there this morning there was a new sign up, saying future site of Tony Stewart racing head quarters, raceway and a new Rocket Sprint Chassis shop. Rocket must be building sprint cars to.

I seen that too. Right down the road. Big ole TSR logo just thrown up over the Worthless H&H sign

[bowtie54]

well i live by tri-city speedway and there is no new sign only the same old one is there.

[Brian44m]

well i live by tri-city speedway and there is no new sign only the same old one is there.

I havent seen more than a couple posts on this thread that are correct. It simply is not my place to say who bought it. However, all the posts above are completely bogus. Believe none of it. I will say this. TSR has nothing to do with it. This has been in the works since last summer and yes there have been some issues. BUt everyone other than one or two posts regarding the sale on this thread are clueless.

Best thing to do is sit back and await further announcement soon. It is good news for those who enjoyed the racing at Tri CIty.

Edited by Brian44m, 05 January 2014 - 12:15 PM.

[Fast Lane Life]

Copied this from another source:

Cool to see this.
Tri-City Speedway PA)Tri-City Speedway in Franklin, PA will have a new owner. It is a high-banked, big 1/2 mile track with first class facilities that has seen a rough decade. In 2014 the track will operate for 5 nights of special racing, the "Sizzlin' Summer Series" of events that would include a Sunday night date in May, June, July, August, and September. The Sizzlin' Summer Series would function as an independent series that would not only pay the area's best purse on each of the five nights, but would also accumulate a point fund for the division champs and would crown a "King of the Summer" for the top point-earner overall. A Sizzlin' Summer Series event would include overnight camping before and after the event, fireworks, side stage concerts, a flea market, and these divisions: 410 Sprints, BRP Big Block Modifieds, FASTRAK Late Models, and an open stock car division. The Sizzlin' Summer Series purse for the 410's looks like this: 1 - $10,000 2 - $3,500 3- $2,500 4 - $1,000 5 - $900 6 - $800 7 - $700 8 - $600 9 - $500 10 - $400 11 through 20 - $300 21 through 30 - $225 30+ - $200

IMHO: A better, more attractive payoff that would attract a high quality field, from both the east and west, with more drivers sharing in the race purse bounty would be something like this: 1. $5,000; 2. $3,000; 3.$2,000; 4. $1,500; 5.$1,250; 6. $1,150; 7. $1,075; 8. $1,050; 9. $1,025; 10. $1,000; 11. $900; 12. $800; 13. $700; 14. $600; 15. -24. $500; with all those failing to qualify earning $200.00. The total purse here is $27,250 versus the top heavy purse at $26,150. Granted it is $1,100 more but that is not significant given the total. The winner, in the stated offering gets over 38% of the purse and the alternative the winner is awarded 18% with the rest of the field being the benefactors. But alias, again someone thinks that the Old style, top heavy purse will attract the cars, and the simply stated, does not work anymore. Everyone has to make some money in this deal today to keep going. If they do not, then diminishing return will eliminate more people from the sport we all enjoy.

[fwdbite]

[quote name='Brian44m' date='Jan 5 2014, 01:39 PM' post='383679']
I havent seen more than a couple posts on this thread that are correct. It simply is not my place to say who bought it. However, all the posts above are completely bogus. Believe none of it. I will say this. TSR has nothing to do with it. This has been in the works since last summer and yes there have been some issues. BUt everyone other than one or two posts regarding the sale on this thread are clueless.

Best thing to do is sit back and await further announcement soon. It is good news for those who enjoyed the racing at Tri CIty.
[/quote
i sure hope it happens, I miss the place. so many rumors though and no official announcements. i never missed a race during its time since its rebirth in 97, hopefully it can come back strong

[Brian Spaid]

I have watched this post build and build with all of the rumors that persist, and I feel compelled to finally respond. I do so out of simple concern for all the confusion being caused to fans and race teams. About two months ago, Mike Thomas of the Thomas Organization in Oil City, Pa., started to advise people in our area that he is the new owner of Tri-City Speedway. This is posted on a website that is controlled by him or his company, and he has submitted advertising or sponsorship proposals to area businesses. I am personally aware of those advertising efforts because my business partner was contacted by the Thomas Organization, and I have seen at least one additional proposal submitted to another area business. In addition to the track, it is my understanding that Mr. Thomas is seeking investors to open a restaurant in Franklin, and to commence another business with which I am unfamiliar. However, as of this date, January 5, 2014, based on public records, neither Mr. Thomas nor his company own the track. I do not know him well, so I have not contacted him directly to determine the status of any negotiations he is in the midst of with the current owners, Tri-City Enterprises, Inc., which is owned by Roy Hill of Virginia and others. I presume Mr. Thomas' efforts are serious, otherwise, it would make no sense for him to seek advertising and sponsorships for the 2014 season. In 2013, Mike Graham and Roger Crick, the prior owners of the speedway, filed lawsuits to collect the remaining amount due on their note and mortgage for the purchase of the speedway real estate and personal property. Although judgment was entered on one claim, the claim has not been paid to date. In order for Mr. Thomas to own the speedway, the real estate must be transferred to him or his company (unless he purchases the corporation to maintain the ownership of the real estate under the name Tri-City Enterprises, Inc.). Furthermore, the Graham-Crick judgment must be satisfied (paid in full). As of last Friday, checking the records at the Courthouse, the judgment remains unpaid. A Sheriff's Sale is scheduled on February 19, 2014, relative to the Graham-Crick judgment. The sale currently involves the real estate. In the near future, it will likely involve all of the personal property. The Sheriff's Sale will be canceled if the Graham-Crick judgment is paid in full ahead of time. If not, the sale will proceed. At that time, all interested parties may bid. The judgment amount is public record, and exceeds $238,000.00. I have to believe that Mr. Hill is seeking a sale of the real estate and personal property in excess of that amount in order to pay the Graham-Crick judgment in full along with any other possible liabilities owed by Tri-City Enterprises, Inc., and then receive sufficient funds to make some profit on the sale. No such profit will be derived in a Sheriff's Sale. Therefore, at this point in time, all of the rumor and speculation on this post is just that. I strongly urge everyone to wait until Mr. Thomas or his company make an official announcement that he or the company owns the speedway. We also must await an official announcement from another person or company that purchases the real estate and personal property from the Sheriff's Sale if Mr. Thomas' efforts are unsuccessful. Tony Stewart Racing is NOT involved in the negotiations to purchase Tri-City under any circumstances. Those rumors, while humorous to read by the people posting to cause further confusion, are completely untrue. As the past announcer and public relations director at Tri-City, I hope that whoever purchases the track is able the rebuild it and make it successful. The rebuilding process is enormous. As documented in photos available on Facebook, there are substantial repairs that need to be made for the track to be race ready. Not only is all of the clay washed off the track, and the grandstands are in a state of disrepair, there are significant repairs required to the equipment, facilities, VIP tower and grounds as well. The financial investment will be substantial. Hopefully, this information is helpful for all of the Tri-City Speedway fans out there. I look forward to seeing racing at the track one day. I have no interest in returning to work at Tri-City. I enjoyed working for Mike Graham and Roger Crick for 13 years. They are excellent businessmen, they were superb promoters, and they remain friends of mine. Without them at the helm, it would never be the same for me. I learned that when I worked for H&H Motorsports; however, despite any criticisms that people may have about H&H's promotional reign, I want to thank them for giving me the opportunity to continue to work in motorsports during part of their tenure. For now, I will continue to work with Vicki Emig and Mike Leone on the RUSH Dirt Late Model Series and RUSH Dirt Sportsman Modified Series. They are consummate professionals, who run an excellent series and love the sport with all of their heart. In addition, the other officials are excellent and we have grown together as a team that I cherish as much as my days at Tri-City. The RUSH Series is awesome. For me, it has been, and will continue to be, an absolute joy to meet all the fans and drivers throughout this region and announce at various tracks with RUSH. Take care, and I wish everyone great racing in 2014!! Brian M. Spaid

Edited by Brian Spaid, 05 January 2014 - 04:12 PM.

[Sparkler]

I have watched this post build and build with all of the rumors that persist, and I feel compelled to finally respond. I do so out of simple concern for all the confusion being caused to fans and race teams.

About two months ago, Mike Thomas of the Thomas Organization in Oil City, Pa., started to advise people in our area that he is the new owner of Tri-City Speedway. This is posted on a website that is controlled by him or his company, and he has submitted advertising or sponsorship proposals to area businesses. I am personally aware of those advertising efforts because my business partner was contacted by the Thomas Organization, and I have seen at least one additional proposal submitted to another area business. In addition to the track, it is my understanding that Mr. Thomas is seeking investors to open a restaurant in Franklin, and to commence another business with which I am unfamiliar.

However, as of this date, January 5, 2014, based on public records, neither Mr. Thomas nor his company own the track. I do not know him well, so I have not contacted him directly to determine the status of any negotiations he is in the midst of with the current owners, Tri-City Enterprises, Inc., which is owned by Roy Hill of Virginia and others. I presume Mr. Thomas' efforts are serious, otherwise, it would make no sense for him to seek advertising and sponsorships for the 2014 season.

In 2013, Mike Graham and Roger Crick, the prior owners of the speedway, filed lawsuits to collect the remaining amount due on their note and mortgage for the purchase of the speedway real estate and personal property. Although judgment was entered on one claim, the claim has not been paid to date. In order for Mr. Thomas to own the speedway, the real estate must be transferred to him or his company (unless he purchases the corporation to maintain the ownership of the real estate under the name Tri-City Enterprises, Inc.). Furthermore, the Graham-Crick judgment must be satisfied (paid in full). As of last Friday, checking the records at the Courthouse, the judgment remains unpaid.

A Sheriff's Sale is scheduled on February 19, 2014, relative to the Graham-Crick judgment. The sale currently involves the real estate. In the near future, it will likely involve all of the personal property. The Sheriff's Sale will be canceled if the Graham-Crick judgment is paid in full ahead of time. If not, the sale will proceed. At that time, all interested parties may bid. The judgment amount is public record, and exceeds $238,000.00. I have to believe that Mr. Hill is seeking a sale of the real estate and personal property in excess of that amount in order to pay the Graham-Crick judgment in full along with any other possible liabilities owed by Tri-City Enterprises, Inc., and then receive sufficient funds to make some profit on the sale. No such profit will be derived in a Sheriff's Sale.

Therefore, at this point in time, all of the rumor and speculation on this post is just that. I strongly urge everyone to wait until Mr. Thomas or his company make an official announcement that he or the company owns the speedway. We also must await an official announcement from another person or company that purchases the real estate and personal property from the Sheriff's Sale if Mr. Thomas' efforts are unsuccessful.

Tony Stewart Racing is NOT involved in the negotiations to purchase Tri-City under any circumstances. Those rumors, while humorous to read by the people posting to cause further confusion, are completely untrue.

As the past announcer and public relations director at Tri-City, I hope that whoever purchases the track is able the rebuild it and make it successful. The rebuilding process is enormous. As documented in photos available on Facebook, there are substantial repairs that need to be made for the track to be race ready. Not only is all of the clay washed off the track, and the grandstands are in a state of disrepair, there are significant repairs required to the equipment, facilities, VIP tower and grounds as well. The financial investment will be substantial.

Hopefully, this information is helpful for all of the Tri-City Speedway fans out there. I look forward to seeing racing at the track one day. I have no interest in returning to work at Tri-City. I enjoyed working for Mike Graham and Roger Crick for 13 years. They are excellent businessmen, they were superb promoters, and they remain friends of mine. Without them at the helm, it would never be the same for me. I learned that when I worked for H&H Motorsports; however, despite any criticisms that people may have about H&H's promotional reign, I want to thank them for giving me the opportunity to continue to work in motorsports during part of their tenure.

For now, I will continue to work with Vicki Emig and Mike Leone on the RUSH Dirt Late Model Series and RUSH Dirt Sportsman Modified Series. They are consummate professionals, who run an excellent series and love the sport with all of their heart. In addition, the other officials are excellent and we have grown together as a team that I cherish as much as my days at Tri-City. The RUSH Series is awesome. For me, it has been, and will continue to be, an absolute joy to meet all the fans and drivers throughout this region and announce at various tracks with RUSH.

Take care, and I wish everyone great racing in 2014!!

Brian M. Spaid

whats the link to see these pics of the place?

[fwdbite]

thank you Brian for the info. I hope whatever happens is best for the track and its loyal supporters. if this dude isn't for real, maybe another buyer interested in racing will purchase it.

[Won11Virus]

whats the link to see these pics of the place?

I haven't seen any of the photos mentioned but the aerial view from google maps will give you an idea.

[Walt Wimer]

Hi Brian!! MUCH THANX for clearing this up for everyone on here!! I was thinking just last night about emailing you and find out what was really happening!! I have had some brief contact with Mike and Roger and know they still hold the deed to the property!! Add me to all the others who would like to see the track open again, and despite being 74 years old I sure wouldn't mind calling races for a few more years!! It always was a "fun" job going back to my first announcing at Mercer in 1973 and continuing with Sharon and Pittsburgh along the way. It was always great working with you, Mike and Roger!!! GOOD RACING!!!! Walt

[spike]

IMHO: A better, more attractive payoff that would attract a high quality field, from both the east and west, with more drivers sharing in the race purse bounty would be something like this: 1. $5,000; 2. $3,000; 3.$2,000; 4. $1,500; 5.$1,250; 6. $1,150; 7. $1,075; 8. $1,050; 9. $1,025; 10. $1,000; 11. $900; 12. $800; 13. $700; 14. $600; 15. -24. $500; with all those failing to qualify earning $200.00. The total purse here is $27,250 versus the top heavy purse at $26,150. Granted it is $1,100 more but that is not significant given the total. The winner, in the stated offering gets over 38% of the purse and the alternative the winner is awarded 18% with the rest of the field being the benefactors. But alias, again someone thinks that the Old style, top heavy purse will attract the cars, and the simply stated, does not work anymore. Everyone has to make some money in this deal today to keep going. If they do not, then diminishing return will eliminate more people from the sport we all enjoy.

Excellent

[Stock Stroker]

I have watched this post build and build with all of the rumors that persist, and I feel compelled to finally respond. I do so out of simple concern for all the confusion being caused to fans and race teams.

About two months ago, Mike Thomas of the Thomas Organization in Oil City, Pa., started to advise people in our area that he is the new owner of Tri-City Speedway. This is posted on a website that is controlled by him or his company, and he has submitted advertising or sponsorship proposals to area businesses. I am personally aware of those advertising efforts because my business partner was contacted by the Thomas Organization, and I have seen at least one additional proposal submitted to another area business. In addition to the track, it is my understanding that Mr. Thomas is seeking investors to open a restaurant in Franklin, and to commence another business with which I am unfamiliar.

However, as of this date, January 5, 2014, based on public records, neither Mr. Thomas nor his company own the track. I do not know him well, so I have not contacted him directly to determine the status of any negotiations he is in the midst of with the current owners, Tri-City Enterprises, Inc., which is owned by Roy Hill of Virginia and others. I presume Mr. Thomas' efforts are serious, otherwise, it would make no sense for him to seek advertising and sponsorships for the 2014 season.

In 2013, Mike Graham and Roger Crick, the prior owners of the speedway, filed lawsuits to collect the remaining amount due on their note and mortgage for the purchase of the speedway real estate and personal property. Although judgment was entered on one claim, the claim has not been paid to date. In order for Mr. Thomas to own the speedway, the real estate must be transferred to him or his company (unless he purchases the corporation to maintain the ownership of the real estate under the name Tri-City Enterprises, Inc.). Furthermore, the Graham-Crick judgment must be satisfied (paid in full). As of last Friday, checking the records at the Courthouse, the judgment remains unpaid.

A Sheriff's Sale is scheduled on February 19, 2014, relative to the Graham-Crick judgment. The sale currently involves the real estate. In the near future, it will likely involve all of the personal property. The Sheriff's Sale will be canceled if the Graham-Crick judgment is paid in full ahead of time. If not, the sale will proceed. At that time, all interested parties may bid. The judgment amount is public record, and exceeds $238,000.00. I have to believe that Mr. Hill is seeking a sale of the real estate and personal property in excess of that amount in order to pay the Graham-Crick judgment in full along with any other possible liabilities owed by Tri-City Enterprises, Inc., and then receive sufficient funds to make some profit on the sale. No such profit will be derived in a Sheriff's Sale.

Therefore, at this point in time, all of the rumor and speculation on this post is just that. I strongly urge everyone to wait until Mr. Thomas or his company make an official announcement that he or the company owns the speedway. We also must await an official announcement from another person or company that purchases the real estate and personal property from the Sheriff's Sale if Mr. Thomas' efforts are unsuccessful.

Tony Stewart Racing is NOT involved in the negotiations to purchase Tri-City under any circumstances. Those rumors, while humorous to read by the people posting to cause further confusion, are completely untrue.

As the past announcer and public relations director at Tri-City, I hope that whoever purchases the track is able the rebuild it and make it successful. The rebuilding process is enormous. As documented in photos available on Facebook, there are substantial repairs that need to be made for the track to be race ready. Not only is all of the clay washed off the track, and the grandstands are in a state of disrepair, there are significant repairs required to the equipment, facilities, VIP tower and grounds as well. The financial investment will be substantial.

Hopefully, this information is helpful for all of the Tri-City Speedway fans out there. I look forward to seeing racing at the track one day. I have no interest in returning to work at Tri-City. I enjoyed working for Mike Graham and Roger Crick for 13 years. They are excellent businessmen, they were superb promoters, and they remain friends of mine. Without them at the helm, it would never be the same for me. I learned that when I worked for H&H Motorsports; however, despite any criticisms that people may have about H&H's promotional reign, I want to thank them for giving me the opportunity to continue to work in motorsports during part of their tenure.

For now, I will continue to work with Vicki Emig and Mike Leone on the RUSH Dirt Late Model Series and RUSH Dirt Sportsman Modified Series. They are consummate professionals, who run an excellent series and love the sport with all of their heart. In addition, the other officials are excellent and we have grown together as a team that I cherish as much as my days at Tri-City. The RUSH Series is awesome. For me, it has been, and will continue to be, an absolute joy to meet all the fans and drivers throughout this region and announce at various tracks with RUSH.

Take care, and I wish everyone great racing in 2014!!

Brian M. Spaid

Thank you Brian. I always enjoyed the professionalism of you and Walt.
Walt’s and your knowledge and play by play is second to none.
Hope to see you both back together.
JMO

[dirtstudent2]

Someone early on in this thread mentioned the Sharif sale. I went to the suggested site and found the sale. It gave a parcel number involved with the sale. I then went to the county land map to look at the parcel. It appears to me the parcel being sold for 1/4 million is land locked except for a mapped road which would run to the pit entrance. The parcel I looked at via online map includes most of the track with the exception of turn 4. The parcel I saw does not include turn 4, but it does include the main grand stands. From what I saw unless you have the ability to force the use of the mapped access road, which appears by satellite to be forested in, the land locked parcel is mostly worthless. It's the end of the year and tax time is nearing, could this all be for reason of creating a tax loss and have nothing at all to do with the track opening or not? It would not effect the track opening or not if business agreements are ok, it may mean the sale, transfer or potential loss is for other reasons.

[The Legend]

Someone early on in this thread mentioned the Sharif sale. I went to the suggested site and found the sale. It gave a parcel number involved with the sale. I then went to the county land map to look at the parcel.

It appears to me the parcel being sold for 1/4 million is land locked except for a mapped road which would run to the pit entrance. The parcel I looked at via online map includes most of the track with the exception of turn 4. The parcel I saw does not include turn 4, but it does include the main grand stands.

From what I saw unless you have the ability to force the use of the mapped access road, which appears by satellite to be forested in, the land locked parcel is mostly worthless. It's the end of the year and tax time is nearing, could this all be for reason of creating a tax loss and have nothing at all to do with the track opening or not?

It would not effect the track opening or not if business agreements are ok, it may mean the sale, transfer or potential loss is for other reasons.

Business don't " create losses " they make investments to reduce tax liability but they don't just take random losses like you morons think . The tax rate is less than 50% in PA no matter how
Much you make so why would you lose a hundred to save 43 ? I can't effing stand when people talk about " write offs " like there some magical event

[The Legend]

Someone early on in this thread mentioned the Sharif sale. I went to the suggested site and found the sale. It gave a parcel number involved with the sale. I then went to the county land map to look at the parcel.

It appears to me the parcel being sold for 1/4 million is land locked except for a mapped road which would run to the pit entrance. The parcel I looked at via online map includes most of the track with the exception of turn 4. The parcel I saw does not include turn 4, but it does include the main grand stands.

From what I saw unless you have the ability to force the use of the mapped access road, which appears by satellite to be forested in, the land locked parcel is mostly worthless. It's the end of the year and tax time is nearing, could this all be for reason of creating a tax loss and have nothing at all to do with the track opening or not?

It would not effect the track opening or not if business agreements are ok, it may mean the sale, transfer or potential loss is for other reasons.

So in your fantasy world your able to buy property in pre tax dollars huh ?? I would be a fuking land Barron if that were true. Commercial property is depreciated over 40 years !!!! Aka if you pay 100k your 100k is after tax dollars and you get to deduct 2500 a year .... Deducting that just means you don't pay tax on that 2500 !!! That's it , it doesn't remove 2500 from what you owe .... Just the tax on that 2500.... Why do you think so many business rent ??? Rent is 100% deductible immediately. Think about it if a guy made a million pretax why not just buy land for 950k and pay tax on 50 k ???? Because you can't you fuking retard !!!