Bluegrass Motorsports Park

I am a provisional novice when it comes to commercial lending....but I am told that nearly all lenders insert this clause.

 

Thanks for the update.

In simple terms, will it ever be used as a roadrace track?
Not sure what the operational status means.

 

In a word. "Yes"

Operational in this case means in use for its intended purpose.

 

So like the guy before me said, we will see it up sometime in 2011

 

Well thats some pretty good News..... Thanks for sharing Cone Lover!

 

I hope they get it done, and I seriously doubt they'll have problems getting a return on investment I plan on attending most of the trackdays held there.

 

Dude, if that's accurate that is f#cked up:down: It's not like they got all of the current work done in one month. There had to have been multiple phone calls/meetings with the bank during the early stages of the building process AFTER the bank committed to the loan. If the bank really tried to renig on the loan AFTER construction had started, I hope the bank does take it in the pooper. 2XITB!

 

What about people like me who joined?

 

I can't answer anything about membership stuff because I don't know anything about it. I know members will be getting to spend a lot of time on-track, including our events.

 

Needless to say, attorney's move at a snail's pace. It's worse when you have a large corporation or a bank in this instance. Everything has a 30 day wait/response period.

 

It has been excruciatingly slow for sure. Stuff you and I could work out over a beer and a burger for $20 including tip, takes the legal eagles $5000-$10,000 and six weeks.

 

that's their business is to slow the process down, make their $400 an hour. But we have bikes we need to ride and a track 90% finished!!!

 

$440 an hour to be exact.....

 

That's about right. Last time I checked, that was the going rate for a paralegal to type up a document and send it certified mail.

 

I'm calling Corky (Chalyror6) and his boltcutters!!!

 

FYI... mailing costs are extra.

 

My bolt cutter fees are $475 an hour plus milage

 

DAYAM!!! I can get an attorney and a big bottle of Sailor Jerry cheaper than that!!!

 

When I handled all of the work Visa's for our employees, I considered doing it myself, until we added several people. It's amazing how much paperwork is involved. I think one binder ended up costing me over $1500

 

Monte, any chance of me being able to get on this track before I deploy in September? It is just a gigantic tease having this beautiful facility 35 minutes from my front door and not being able to ride it.