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NASCAR just wrapped up its Champions Week festivities in New York, but a company that owns several NASCAR racetracks has decided to pull the plug on its attempt to bring stock car racing to Staten Island. The International Speedway Corporation originally planned to build a 3/4 mile oval for 82,500 spectators, but has cancelled their plans citing several reasons. From their press release:
- The inability to secure the critical local political support that is necessary to secure the required land-use change approvals for a speedway development;Even before this announcement, the racetrack proposal encountered stiff resistance and wasn't looking too good.
- Even if ISC had secured the necessary political support, it became apparent that the Company would have been faced with unacceptable approval requirements, including operational restrictions that would have made the facility difficult to operate and a significant challenge to market;
- The increased risk that these unacceptable approval requirements could result in higher construction spending and annual operating costs, which would have a significant negative impact on the financial model for the speedway development.
ISC also said that they "will explore alternative strategies" for the 600+ acre plot of land, including selling it or developing it with a third party. They believe the land would be worth more than $100 million, it is the largest undeveloped land in New York City, and that "it will be attractive to a wide range of developers and users."
To Gothamist, that reads "attractive to WalMart."
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...would have made the facility difficult to operate and a significant challenge to"
Awful, awful grammar.
It's sad that the largest undeveloped piece of land in NYC couldn't become, say, a park. If Central Park had not been created when it was, the middle of Manhattan would be paved over.
NYC: 1
Mullets: 0
The land would probably be worth that much...if it wasn't on STATEN ISLAND.
I have no sympathy for NASCAR. They come here like they think they can turn us on to their hick sport. Go back to 'Bama.
I could say that I was disappointed by this, but I'd be totally lying. This is WONDERFUL news, and lets hope that it's a trend.
This is good news indeed coupled with this from November 27th: Ratings show a drop in TV viewers of 33 of the 36 Nextel Cup series races this year. Three of the races enjoyed increased ratings, according to statistics compiled by Nielsen Media Research.
Hopefully this will be a trend, killing this environmentally irresponsable non-sport.
Vroom - g'bye!
V'room - g'bye!
Give it a rest Toby. 40 cars driving around a track is hardly the source of global warming.
We all know the reality is you hate everything that doesn't conform to your narrow view of the world.
Oh no, not Wal-Mart. Please! Let me keep getting ass-raped by local businesses! PLEASE?!?
way to go - you pseudo intellectual socialist douchebags. maybe your buddy chavez can come in and use the land for indoctrination camps instead of a commercially viable venture. nahhhhh we don't need anybody's money coming into the region. buncha schmucks you are!
they should put the track in the meadowlands.
#12 - I'm delighted my fellow snobs in New York have told the redneck crew at NASCAR to keep those motors running. We don't need NY to be diluted. Keep your paltry race-day money too.
that's 43 cars, not 40.
I'm glad the project is scrapped. There are few NASCAR fans in NYC and most are transplants or dare I say, native NYC white trash.
And, I'm a NASCAR fan. I'm willing to bet my last dollar, I would be treated and have been treated better in Lowe's motor speedway than at Yankee stadium. Or, a Giants game.