Race Track in Houston, Texas

Postby Jay Feely » Fri Mar 30, 2012 8:05 am

The group is wasting money building a race track around Reliant Stadium in Houston, Texas when they could use it for other things.
http://www.washingtonpost.com/sports/in ... story.html
What is your thought on this?
Be honest please.
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Re: Race Track in Houston, Texas

Postby drawscore » Fri Mar 30, 2012 10:49 am

If it's their own money, they can do any damn thing they like with it.

If it's taxpayer money, then it should be an "investment" that will return more than is initially paid out. For instance, if the city puts up $100,000 in cash, goods, and services, then the admission fees, concessions, VIP areas, tourism associated with the event, etc., should return $150,000 or more. If it does, the city makes money, and can provide additional services for its residents without raising taxes. If it doesn't, the idea should be scrapped.

Drawscore

Re: Race Track in Houston, Texas

Postby Kyle » Fri Mar 30, 2012 12:39 pm

It seems like a waste to me when there are literally hundreds of perfectly good race tracks already built for the purpose of racing all over the country but if it's their money they can blow it how they want.

Re: Race Track in Houston, Texas

Postby Jason Toddman » Thu Apr 12, 2012 3:39 pm

Something similar in my own city where they want to spend a large amount of money renovating the Civic Center. Twenty years ago there was similar controversy when they wanted to build a new ball park for a new minor league baseball team here. But that team's home games gernerated so much revenue for the city that people stopped squawking about that years ago. It all depends upon what the risk is and what potential returns there are on the investment. Some risks are acceptable; others are not. It all depends upon too many variables to make an accurate asessment based on the limited information you provided.
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