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Totally hear you and I would also not want the exposure. I'm only commenting on the way I think the numbers work long term without being miserable.
it is in an area that floods, but much of the greater Houston area is flood prone, and the track sits right on I45 its eventually going to be developed commercially.
The track sits right on the San Jacinto river which doesn't like to stay within its banks. Short of re-routing the river, there are no remedial measures that can "protect" that area from flooding. I don't think they will build anything on that property that can't take a swim every once in a while.
I'm sure it is a lot of work to re-build the tracks, but they are pretty great after a good flooding!
Flood zone around 3 Palms
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anybody know the answer to this? I haven't been that way in forever.. Spun a lot of laps at the old Conroe track though.
https://earth.google.com/web/search/3+Palms+Action+Sports+Park,+Interst…
It would take a special buyer because MX tracks and golf courses are not typically profitable. With that said 3P is nicer than most MX tracks and is more than the normal track. They recently put in a trail system and doing track/trail races if I understand correctly. Its opposite end of town from me. I have no idea how much business the jet ski lake/area draws.
https://fb.watch/ltmKbfqr9R/?mibextid=hsl9Qt
Just saw that too ! This is a big surprise to me, he’s always been good to us when riding there, very nice guy.
Ya just never know I suppose…
https://www.fox26houston.com/news/over-20-men-arrested-following-sting-operation-targeting-solicitation-of-prostitution-in-montgomery-co
The old Conroe MX track turned into a sand/gravel quarry, it exasberated the flooding of 3 Palms by building up levies/dams around their property. The track (I believe) actually filed suit against them and other quarries in the area building for building up a barrier around their property which forced the water else where (3 Palms).
I’ll share my Emil story… The first time I ever went to one of his “purse” races, it was at that mill st track he spoke about (2001).
I got smoked by Travis Elliot and the way he broke down the purse, put like 80% of it in Travis’s pocket. I was not cool with this. I found Emil and we sat in his truck and talked about the imbalanced payout. He couldn’t change the payout amounts at that point, but he did pull out his wallet a give me what he had in it. Maybe $200? From that day forward, Emil was a guy I looked forward to seeing at the races. Always welcomed me when I saw him. Thx Emil, amazing job as a track owner & promotor for decades!
To me it’s crazy that VC can flood, but seems to be the first to run out of water. I understand pond size has a lot to do with it, just find it ironic I guess you’d say.
In case your wondering what 6.9m will get ya...
https://www.har.com/homedetail/15100-interstate-45-s-conroe-tx-77384/10025946?fbclid=IwAR3PnV-VNpKdLyd7gxwWRDkx68Gfqy8Kd6m1dYGw5uRczEU0O0Qi0FRroRQ.
I highly doubt it becomes anything else than what it currently is, the facility is A1 and has too much Houston rider support. I cant see it just getting torn down and Houston riders being forced to ride at Ultimate trash pit or Rio Bravo which isn't close to what it use to be. Seems like someone in the area would love the chance to jump on a top notch place like 3P.
But then again we no longer have a full 1/4 mile drag strip either now so......but I think the flooding would be its saving grace to not being developed into housing, as my brother says when it comes to real estate, "I dont care if its 5 acres or 50, if it floods easy its worthless to developers"
Most of the water comes from the creek, and when it dries up, it's over.
At 6 million plus seems like ROI would be way out there. Would take a while to get return, even with with national level races. I’d guess someone who buys a race track would have to have a lot of disposable income and just flat want to own an MX track.
I hope the track sells and stays in business for many years. It’s across town from me about hour and 50 min depending on traffic. I keep saying I’m going to make a trip and ride 3P but haven’t.
Marysville!
The facts of the matter as I see them are this … Unless you are paying cash, it is extremely unlikely that you would be able to purchase the property. Most ( if not all ) lending institutions would absolutely run from a mortgage on any flood plane property. The insurance for flood ( not including personal injury ) would be $5000 per month. I am truly being conservative with that estimate. We all realize that personal injury insurance is mandatory, but the cost is also astronomical. I agree that it is very unlikely that this continues as a motocross track past it’s sale date. Unfortunate, but the world is a different place than it was 30 years ago. When I was a kid, I was messing around on my bicycle, and I lost control and broke a tooth in my neighbors driveway, and my Dad heard me crying , as did the neighbor. They both got to me at the same time, and my Dad picked me up, looked in my mouth, and head swatted me for acting the fool. That don’t happen today.
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Pit Row
Does anyone know if it ever sold?
thats crazy, can't believe you extorted the guy
Emil is still in their Instagram videos so I guess he’s still the owner.
Here’s a pic after a flood earlier this year. Track was in perfect shape about a week after the water receded.
Did not sell. Business as usual. This weekend (March 23-24) is the Great American Team Race. $10,000 Pro Purse. Two weeks is an LLAQ.
Hopefully they don’t need to sell it still. I’m moving back to Houston in July and love that place.
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