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For those that own tracks and such, Would it be viable to launch a crowdsourcing campaign, to get enough money to buy land to build a private motocross facility? Private in the sense of it being owned like a group. Like a Business with multiple share-holders who call the shots.
The only reason i thought of this, would be for us (Motocross people) to stop losing tracks and land to (Housing/ Business park developers etc).. ( The carlsbad thread) made this cross my mind. So basically if say a board of 500 people who sourced funds to purchase the land and build the track and opened it up on a membership basis. Would be significantly harder to beat in court than a single owner etc.
IDK how this all would work, as i dont know enough about laws, but im thinking of giving it a shot.
The only reason i thought of this, would be for us (Motocross people) to stop losing tracks and land to (Housing/ Business park developers etc).. ( The carlsbad thread) made this cross my mind. So basically if say a board of 500 people who sourced funds to purchase the land and build the track and opened it up on a membership basis. Would be significantly harder to beat in court than a single owner etc.
IDK how this all would work, as i dont know enough about laws, but im thinking of giving it a shot.
The Shop
Insurance companies want a business entity to insure stability, how would crowdsourcing work in that scenario?
Also, even at 500 people, you'd have to all chip in quite a bit of money I think. Might be worth it if there's nothing in your area but how is there nothing in your area if there are 500 guys willing to ride dirtbikes and get a track going?
My guess would be
- The investors would have to be riders with the understanding that they get to use the facility for free. (Also investment is capped so everybody pays the same amount), (Thus should negate the i paid more than you and end up in court kinda shit)
- Lest say i did amass 500 people, Then at 2k buy in... That would = 1,000,000... They say to make a million in the moto world, you need to start with 2... So i have to guess a track would cost significantly less than 1 million flat.
(It's the tractors and water tower, that will probably send you over the million mark)
- A re-course of investment, would be based on like a share investment and would pay a quarterly dividend that would be gathered from Gatefees and race's.
- Day to day choices would be made based on classification of riding ability/ Track. so basically let say this does exist
you would have the Pros'/Vets/PeeWee. Each respective silo would vote on day to day operations for said track's.. (Obviously peewee will be ran by adults).... Track layout/ changes/ when to schedule maintenance/ watering schedule.
- Track Maintenance, would be rented or bought tractors and trailers (if funding exceeded amount) Daily Gate Fees, should be able to cover the labor of a dude to repair the tracks after the 3-4 days its open.
soo 32hr's a week, part time at 25$ a hour ( I do not know the going rate for, track builder dudes) = 875$ a week.
With a GateFee of say 60$ (Amount it cost to go to skypark to mtb)... So say we get 50 riders for one day at 60$ a pop that would be 3k.
all of this is spitballing... Maybe i need to create a BusinessPlan and just try it lol
I also have a ton of tracks still around me, but just thinking for future when more and more land out here in California gets bought out and people move further inland.. might have to think outside the box to have a moto spot.
Crowd funding it sounds tough. I think you’d be better with fewer investors forming some sort of non profit and then running it as a membership based track to get the money back to your investors.
Pit Row
https://ecmx.com/about-us
This is NOT a bad idea. The hardest part is organizing and MANAGING the entity.
http://www.splintercreek.com/
and
https://www.facebook.com/BellevilleEnduroTeam/
Bring on the local shops too (and some of their customers). If they want to sell dirt bikes, there must be a local place to ride.
I think it is the way to go for areas without a track within half an hour or so.
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