Chad Reeds' Track Closed

8tensolutions
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8tensolutions
Edited Date/Time 11/17/2022 9:09am
Moto 40 looks to be closed. Anyone know why? They posted plans will be announced in the future, but seems like it was gaining some big following. I don't live there, just curious.

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-MAVERICK-
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-MAVERICK- 8/22/2022 11:12pm
8/22/2022 11:12pm
Track is temporarily closed for private events.
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cwel11
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cwel11 8/23/2022 2:42am
8/23/2022 2:42am
Hopefully as Mav posted it’s temporary. We headed down from PA in March this year and had a lot of fun there!
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sgrimmxdad 8/23/2022 2:49am
8/23/2022 2:49am
He just posted they are building new SX tracks!
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olderandYZer
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olderandYZer 8/23/2022 3:06am
8/23/2022 3:06am
Gonna be a training facility.
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olds cool
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olds cool 8/23/2022 4:56am
8/23/2022 4:56am
olderandYZer wrote:
Gonna be a training facility.
That’s what I heard. Shame because I’m only 20 min away.
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bite_the_curb 8/23/2022 6:28am
8/23/2022 6:28am
sounds like a good business move on his part.

more $$ to be made that way apparently

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Jmicmoto13 8/23/2022 6:49am
8/23/2022 6:49am
olds cool wrote:
That’s what I heard. Shame because I’m only 20 min away.
Same. Moving to Statesville and will be 15 minutes from the track. Bummer.
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thatswhathappens 8/23/2022 7:01am
8/23/2022 7:01am Edited Date/Time 8/23/2022 7:03am
Heard Club did the same thing a while back, that they’re only open to the general public on open house days once a year. Not sure if that’s true or not, haven’t been out there in a while.

But if so, I really wish these great places to ride within an hour-ish of Charlotte would stop closing their gates to the public.
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183Matt
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183Matt 8/23/2022 8:02am
8/23/2022 8:02am
I hope for you guys near there it stays an open track. I was out there for the KTM dealer show recently to ride and thought it was a pretty sweet facility.
8tensolutions
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8tensolutions 8/23/2022 8:07am
8/23/2022 8:07am
thatswhathappens wrote:
Heard Club did the same thing a while back, that they’re only open to the general public on open house days once a year. Not sure...
Heard Club did the same thing a while back, that they’re only open to the general public on open house days once a year. Not sure if that’s true or not, haven’t been out there in a while.

But if so, I really wish these great places to ride within an hour-ish of Charlotte would stop closing their gates to the public.
I agree, but the reality is the business model for a public track is terrible. So many people complain!! Gate fees, entry costs, concessions etc and then complain about prep, practice order, watering, not enough racing, too much racing and so on. A training facility is much less liability with the same group there and waivers much more locked down.....and the riders ask to come and agree to the cost ahead of time and know what they are signing up for along with having the same agenda.

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Brad460
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Brad460 8/23/2022 8:41am
8/23/2022 8:41am
bite_the_curb wrote:
sounds like a good business move on his part.

more $$ to be made that way apparently

I think a training facility is also less risky..from a liability standpoint.
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bite_the_curb 8/23/2022 11:24am
8/23/2022 11:24am
Brad460 wrote:
I think a training facility is also less risky..from a liability standpoint.
i believe it

more proof moto is going the way of road racing and car racing

exclusive hobby for the folk with money
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thatswhathappens 8/23/2022 11:48am
8/23/2022 11:48am
thatswhathappens wrote:
Heard Club did the same thing a while back, that they’re only open to the general public on open house days once a year. Not sure...
Heard Club did the same thing a while back, that they’re only open to the general public on open house days once a year. Not sure if that’s true or not, haven’t been out there in a while.

But if so, I really wish these great places to ride within an hour-ish of Charlotte would stop closing their gates to the public.
8tensolutions wrote:
I agree, but the reality is the business model for a public track is terrible. So many people complain!! Gate fees, entry costs, concessions etc and...
I agree, but the reality is the business model for a public track is terrible. So many people complain!! Gate fees, entry costs, concessions etc and then complain about prep, practice order, watering, not enough racing, too much racing and so on. A training facility is much less liability with the same group there and waivers much more locked down.....and the riders ask to come and agree to the cost ahead of time and know what they are signing up for along with having the same agenda.

Yeah, I mean I get it, just sucks for a guy like me that likes to ride once or twice a month.
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LungButter
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LungButter 8/23/2022 11:55am
8/23/2022 11:55am
bite_the_curb wrote:
i believe it

more proof moto is going the way of road racing and car racing

exclusive hobby for the folk with money
But how long until the training facility market is saturated?

I mean how many families are really out there that are willing to spend thousands of dollars for their kid to live away from home to learn a skill that there is a 99.9% chance they will never be able to use to make a livable income. While also forgoing formal or trade school education and picking up very likely no or shitty social skills that will be a detriment to them for the rest of their lives once the racing doesn't pan out....

That's not to mention, history doesn't exactly show that growing up in a training facility leads to a top pro career anyway.

I'm sure Chad will have a waiting list of people looking to give him their money though. Good for him.
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8tensolutions
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8tensolutions 8/23/2022 12:17pm
8/23/2022 12:17pm
bite_the_curb wrote:
i believe it

more proof moto is going the way of road racing and car racing

exclusive hobby for the folk with money
LungButter wrote:
But how long until the training facility market is saturated? I mean how many families are really out there that are willing to spend thousands of...
But how long until the training facility market is saturated?

I mean how many families are really out there that are willing to spend thousands of dollars for their kid to live away from home to learn a skill that there is a 99.9% chance they will never be able to use to make a livable income. While also forgoing formal or trade school education and picking up very likely no or shitty social skills that will be a detriment to them for the rest of their lives once the racing doesn't pan out....

That's not to mention, history doesn't exactly show that growing up in a training facility leads to a top pro career anyway.

I'm sure Chad will have a waiting list of people looking to give him their money though. Good for him.
That's true, but they can always return to public if needed.
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johnk408
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johnk408 8/23/2022 12:46pm
8/23/2022 12:46pm
LungButter wrote:
But how long until the training facility market is saturated? I mean how many families are really out there that are willing to spend thousands of...
But how long until the training facility market is saturated?

I mean how many families are really out there that are willing to spend thousands of dollars for their kid to live away from home to learn a skill that there is a 99.9% chance they will never be able to use to make a livable income. While also forgoing formal or trade school education and picking up very likely no or shitty social skills that will be a detriment to them for the rest of their lives once the racing doesn't pan out....

That's not to mention, history doesn't exactly show that growing up in a training facility leads to a top pro career anyway.

I'm sure Chad will have a waiting list of people looking to give him their money though. Good for him.
But I guess, if you get like 20-30 kids even, that's a few hundred thousand versus having 50 open ride days to make half that.
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Wildeye511
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Wildeye511 8/23/2022 1:55pm
8/23/2022 1:55pm
Any chance the SX tracks will be just for him training for WSX and they keep the other tracks open for public?

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bite_the_curb 8/23/2022 2:43pm
8/23/2022 2:43pm
LungButter wrote:
But how long until the training facility market is saturated? I mean how many families are really out there that are willing to spend thousands of...
But how long until the training facility market is saturated?

I mean how many families are really out there that are willing to spend thousands of dollars for their kid to live away from home to learn a skill that there is a 99.9% chance they will never be able to use to make a livable income. While also forgoing formal or trade school education and picking up very likely no or shitty social skills that will be a detriment to them for the rest of their lives once the racing doesn't pan out....

That's not to mention, history doesn't exactly show that growing up in a training facility leads to a top pro career anyway.

I'm sure Chad will have a waiting list of people looking to give him their money though. Good for him.
not all top racers come from wealthy families but alot of them do and once their racing careers are over with, they can go work for their family business or leverage connections

despite the fact most of us are struggling, the top 10% of our society are actually doing pretty good
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USA 8/23/2022 2:51pm
8/23/2022 2:51pm
bite_the_curb wrote:
i believe it

more proof moto is going the way of road racing and car racing

exclusive hobby for the folk with money
LungButter wrote:
But how long until the training facility market is saturated? I mean how many families are really out there that are willing to spend thousands of...
But how long until the training facility market is saturated?

I mean how many families are really out there that are willing to spend thousands of dollars for their kid to live away from home to learn a skill that there is a 99.9% chance they will never be able to use to make a livable income. While also forgoing formal or trade school education and picking up very likely no or shitty social skills that will be a detriment to them for the rest of their lives once the racing doesn't pan out....

That's not to mention, history doesn't exactly show that growing up in a training facility leads to a top pro career anyway.

I'm sure Chad will have a waiting list of people looking to give him their money though. Good for him.
Do you think your social skills are a detriment to the rest of your life?
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BBA
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BBA 8/23/2022 3:12pm
8/23/2022 3:12pm
Moto40 had to make the best business decision for them. They were not getting the constant out-of-towners that they were before the fuel prices blew up. I'm pretty sure they have to buy their water which can be crazy expensive, especially through dry summer months.

I noticed the crowds getting smaller this summer and with them having to pay staff, paying for some very nice newer equipment, fuel and maintenance, land cost, ridiculous taxes, lawyer fees and all of the other things that robs profits I totally understand why they are taking it private. It does suck for all of us who love that place and probably cannot afford to train there but at the end of the day it is a business and if it's not making a profit then it's time for a change. I wish Chad & crew the best at their new venture and if it does open back up to the public we'll be there.
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Openwheel racer 8/23/2022 3:19pm
8/23/2022 3:19pm
Rumor is completely redone, with eye on becoming a facility that could attract some big racing events.
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bite_the_curb 8/23/2022 4:47pm
8/23/2022 4:47pm
owning a track is a bad business it seems...

are any of them actually profitable..?
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user760a
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user760a 8/23/2022 9:33pm
8/23/2022 9:33pm
Chad Reed had an awesome , long , and successful career. I am sure he is fine, financially speaking. I just can't see how a guy in good shape financially would want to put it all on the line to allow the public to ride on his property. LLC or not, the first blood sucking squid who crashes and sues would likely set him back millions.

If I had a track and was already financially set, I do not think I could justify the risk. In our idiotic society, it is not really a matter of "if", more a matter of "when" in terms greedy folk suing for personal financial gain. It is our (sad, pathetic) way.
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49weasel
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49weasel 8/24/2022 2:59am
8/24/2022 2:59am
They’re not going anywhere and they’re not becoming a training facility. Just changing direction a bit.
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davis224
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davis224 8/24/2022 6:19am
8/24/2022 6:19am
bite_the_curb wrote:
owning a track is a bad business it seems...

are any of them actually profitable..?
Lincoln Trail in Illinois seems to be trying to figure out how to keep their entries at a manageable number and not be forced to raise prices or cut laps. They just tried capping entries and it backfired, so they had to cut laps.
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lumpy790
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lumpy790 8/24/2022 7:05am
8/24/2022 7:05am
Location Location Location …… In the winter our typical day in the area is in the 50’s so in fall and winter they need to be open 7 days a week and offer on site camping. That will draw in the northerner’s that are wanting to ride.

The way I understood it they already had a SX track that was only for Pro level riders.
avidchimp
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avidchimp 8/24/2022 7:24am
8/24/2022 7:24am
bite_the_curb wrote:
owning a track is a bad business it seems...

are any of them actually profitable..?
I would say a good chunk of them are used to clean up other, outside money transactions. Lot's of cash going through those places.
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stone881
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stone881 8/24/2022 7:50am
8/24/2022 7:50am
bite_the_curb wrote:
owning a track is a bad business it seems...

are any of them actually profitable..?
No they aren't, the exception being a facility like Glen Helen. The model simply isn't a sustainable one and so people open tracks out of passion for the sport which gets eaten up by the money pit.

I studied this sort of thing in college and my family used to own a golf resort. The only way that you make money is through real estate and hospitality, the sporting facility itself is doing well if it breaks even. Imo, mx tracks will look much more like golf resorts in the future, like it or not.
49weasel
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49weasel 8/24/2022 8:07am
8/24/2022 8:07am
bite_the_curb wrote:
owning a track is a bad business it seems...

are any of them actually profitable..?
stone881 wrote:
No they aren't, the exception being a facility like Glen Helen. The model simply isn't a sustainable one and so people open tracks out of passion...
No they aren't, the exception being a facility like Glen Helen. The model simply isn't a sustainable one and so people open tracks out of passion for the sport which gets eaten up by the money pit.

I studied this sort of thing in college and my family used to own a golf resort. The only way that you make money is through real estate and hospitality, the sporting facility itself is doing well if it breaks even. Imo, mx tracks will look much more like golf resorts in the future, like it or not.
False…
A well ran track can rake in the money. Plessinger owns 2 tracks here in Ohio and does extremely well. I know plenty of track owners that do very well.
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