If you’re a racing enthusiast or someone looking to invest in a motorsport business, the question of how much Utica-Rome Speedway is for sale must be on your mind. In this article, we will explore the current market value of the speedway and provide you with all the information you need to know.
History of Utica-Rome Speedway
Utica-Rome Speedway is a renowned dirt track located in Vernon, New York. It has a rich history dating back to its establishment in 1961. Over the years, it has become one of the premier racing destinations in the Northeastern United States.
Current Ownership
The speedway is currently owned by Bill and Kim Shea, who purchased it in 2002. Under their ownership, Utica-Rome Speedway has thrived and gained a loyal fan base.
Sale Announcement
In recent news, Bill and Kim Shea have decided to put Utica-Rome Speedway up for sale. This announcement has generated significant interest among motorsport investors and racing enthusiasts alike.
Pricing Information
The asking price for Utica-Rome Speedway is currently undisclosed. However, considering its reputation and success over the years, it can be expected that the price will be substantial.
Negotiation Factors
Several factors can influence the final sale price of Utica-Rome Speedway:
- Location: The speedway’s proximity to major cities and accessibility plays a crucial role in determining its value.
- Facilities: The quality and condition of the track, grandstands, pit areas, parking lots, and other amenities contribute to its overall worth.
- Revenue: The financial performance of the speedway, including ticket sales, sponsorships, and concessions, will impact its value.
- Market Demand: The level of interest from potential buyers and competition in the market can affect the negotiation process.
Process of Sale
If you are interested in purchasing Utica-Rome Speedway, it is important to follow the proper procedure:
- Contact the owners: Reach out to Bill and Kim Shea or their authorized representatives to express your interest.
- Negotiate terms: Discuss the price, potential financing options, and any other relevant aspects of the sale.
- Conduct due diligence: Thoroughly inspect all aspects of the speedway, including its financial records and physical condition.
- Finalize the deal: Once both parties agree on the terms, legal documentation will be prepared to complete the sale.
The Future of Utica-Rome Speedway
The new owner of Utica-Rome Speedway will have an opportunity to continue its legacy and build upon its success. Whether you are a motorsport enthusiast or a savvy investor, acquiring this iconic dirt track can be a rewarding venture.
In conclusion, while we cannot provide an exact figure for how much Utica-Rome Speedway is for sale at this time, it is undoubtedly a valuable investment. Keep an eye on official announcements or reach out directly to Bill and Kim Shea for more information regarding pricing details. Good luck with your racing aspirations!