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COTA Fires CEO

I don't think a SCRAMP is a 501c(3) neither, is it? Big difference in C3's and all other 501's.
 
Holeshot said:
I don't think a SCRAMP is a 501c(3) neither, is it? Big difference in C3's and all other 501's.
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I don't know. Why don't you explain the differences between the various paragraphs in exempt status so that we might figure out whether SCRAMP officials are getting rich on Laguna Seca, or not? Thank you, I would appreciate some clarity.
 
Doesn't look like Americans like any motorized sports other then NASCAR.
 
UDRider said:
Doesn't look like Americans like any motorized sports other then NASCAR.
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If you have been paying attention, many tracks have removed tens...yes, TENS of thousands of seats because they cant fill them with fans....NASCAR is still the largest US autosport, but it too is not healthy anymore.
 
antidote said:
If you have been paying attention, many tracks have removed tens...yes, TENS of thousands of seats because they cant fill them with fans....NASCAR is still the largest US autosport, but it too is not healthy anymore.
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It must have a correlation with price. It's not cheap to attend a race, and for that matter, many professional sports.
 
Marcoose said:
It must have a correlation with price. It's not cheap to attend a race, and for that matter, many professional sports.
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Probably. Baby boomers with great investments/salaries/benefits/inheritance very likely drove the popularity up as they matured alongside NASCAR. They are retiring now on fixed incomes with less money to spend. The younger generations meant to take their place either dont have the funds or spend their money on any vast number of other hobbies or just dont care about cars.

The death spiral to less fans showing up is increasing ticket prices to cover profit margin gaps which see less people willng to pay until everyone is priced out in an effort to turn a profit.

It sounds reasonable to my very uneducated guess that something like this has happened with NASCAR and all sports in general as all major leagues are about 50 years old (at least the "modern" era of profit profit profit model...id venture that baseball didnt care about revenue sharing in 1924).
 
russ69 said:
OK , you don't want the local charities to get 500,000 bucks. I see your point, vote libertarian and those tax benefits will go away.
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You should vote libertarian anyway! AS one, I can say that I'm not anti charity, anti religion, or anti people. I'm just anti-corruption and anti waste. Also antipasto.
 
antidote said:
Probably. Baby boomers with great investments/salaries/benefits/inheritance very likely drove the popularity up as they matured alongside NASCAR. They are retiring now on fixed incomes with less money to spend. The younger generations meant to take their place either dont have the funds or spend their money on any vast number of other hobbies or just dont care about cars.

.
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This. There has been no real wage growth in about a decade and the government subsidies that drove the boomer wealth have come to roost in the form of higher prices, preventing the next generation from starting out.

A lot of this stuff needs to be undone. I'm looking at you housing tax deductions, corporate personhood and crappy maternity laws.
 
aw just let them buy the former Alameda NAS & build a quality track on it. would be friggin' awesome I'd say.

But the City of Alameda continues to only allow Porsche autocrosses....
 
antidote said:
It sounds reasonable to my very uneducated guess that something like this has happened with NASCAR and all sports in general as all major leagues are about 50 years old (at least the "modern" era of profit profit profit model...id venture that baseball didnt care about revenue sharing in 1924).
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The quality of home telecasts and equipment for home viewers has gotten tremendously better as well, but yeah...cost seems to trump all with live sporting events.
 
COTA is only being given $19.6 million in taxpayer subsidy to hold the F1 race in 2016, apparently there is no way they can survive on that pittance.

Perhaps we should hold a charity bake sale for billionaires Epstein & McCombs? :laughing
 
clutchslip said:
Most track traffic EVERYWHERE is awful.
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Agreed, with one exception that I know of, the Indianapolis Motor Speedway.

After years of attending Laguna and thinking that kind of traffic was just the way it is, the traffic/crowd control at Indy was freaking awesome by comparison. Too bad it was dropped.
 
redtail said:
Agreed, with one exception that I know of, the Indianapolis Motor Speedway.

After years of attending Laguna and thinking that kind of traffic was just the way it is, the traffic/crowd control at Indy was freaking awesome by comparison. Too bad it was dropped.
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I've heard Indy has the best traffic/crowd control of nearly any GP on the schedule. They're used to far more fans attending their premiere events. They should be hired as consultants for the other US tracks.

I felt better than "everywhere sucks" after sitting on a bus for 2h only 1/2 mile outside Misano in absolute gridlock trying to get out. Worse than anything I ever experienced at Laguna.

I read that COTA got a double F1-whammy: the hurricane, plus the Mexican GP that immediately followed the US F1 GP. Apparently a lot of Mexican fans previously attended F1 at COTA, but stayed home to see F1 return to Mexico City.
 
Indy is used to more fans because their facility is built to handle hundreds of thousands. Which is hundreds of thousands more than will ever attend a motorcycle race in the U.S. They only way for other tracks to match Indy's traffic management is to build way beyond their actual needs. And have two other races on the schedule that produce huge profits to support that infrastructure. Indy has a lot going for it but IMS is not a good comparison for any dedicated road race track.
 
Marcoose said:
That is fucked up.

It's like those college bowls operating as non-profit when in fact they make train loads of money.

:thumbdown
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Wut? Nobody's making a mint off Laguna. What money is earned is going to support charitable causes and even that is only happening because of a big volunteer effort.
 
TTTom said:
COTA is only being given $19.6 million in taxpayer subsidy to hold the F1 race in 2016, apparently there is no way they can survive on that pittance.

Perhaps we should hold a charity bake sale for billionaires Epstein & McCombs? :laughing
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The economic impact on the State of Texas of that race is massive. The incremental tax revenue on the revenue alone exceeds the subsidy. That subsidy makes good business sense for the State.
 
Archimedes said:
Wut? Nobody's making a mint off Laguna. What money is earned is going to support charitable causes and even that is only happening because of a big volunteer effort.
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So Laguna is a middleman; receives govt money in one hand, then passes it to other charitable orgs with the other. 10-4. Why is it a charity?
 
Archimedes said:
The economic impact on the State of Texas of that race is massive. The incremental tax revenue on the revenue alone exceeds the subsidy. That subsidy makes good business sense for the State.
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10-4. Socialism is great when the handouts go upwards. Otherwise is the work of the devil, giving money to havenots that don't want to work.
 
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