Central New York raceway park

[Lugnut 20]

Has anyone up in New York area heard  or read anything about  this track recently? It seems like press releases on this have gone silent was a lot of buzz around this track is it almost ready or has Glenn pushed this to the side ? 

[Sicklajoie 404]

If you look at Google Earth pics the only thing that's changed the last year or so is that grass is growing back where all the dirt was pushed around.

[dingwallmotorsports 46]

Glenn knew Covid was coming and shut it down 🙄

[jumper12a 1,641]

It’s not a track, it was never going to be a track. It’s always been & still is an empty lot. He’s better off selling the land, he’s wasting his time & money right now.

[Mike Coleates 1,208]

2 minutes ago, jumper12a said:

It’s not a track, it was never going to be a track. It’s always been & still is an empty lot. He’s better off selling the land, he’s wasting his time & money right now.

Wasting his time & money on what? He’s literally done nothing in 3 years. 

[jumper12a 1,641]

1 hour ago, Mike Coleates said:

Wasting his time & money on what? He’s literally done nothing in 3 years. 

He’s been paying NYS taxes on that land for how many years??? Talk about a waste of money.

[Mike Coleates 1,208]

Every business needs a tax write off. 

[leroy 5,260]

 A lot of people say land is a good investment?

People do pay taxes on land every year.  Some of it  ,I am fortunate, my buddy lets me go hunting.

Why would anyone want to open up a business of ANY sort in NYS ?  ?

Let alone a race track?  NO WAY

You can be shut down tomorrow . And for doing nothing wrong

[leroy 5,260]

57 minutes ago, jumper12a said:

He’s been paying NYS taxes on that land for how many years??? Talk about a waste of money.

Same with the Rolling Wheels land?   And how many other vacant lots  and buildings across the world?

[jumper12a 1,641]

51 minutes ago, Mike Coleates said:

Every business needs a tax write off. 

Ya, if you have a business. What’s Glenn Donnelly’s business, besides selling nonsense? He’s a retired old man, it’s time people, and himself, face facts. It’s over Johnny!

[JAR1972 144]

1 hour ago, Mike Coleates said:

Every business needs a tax write off. 

Please explain how losing say $100 to save $30 in taxes is good business.

[Outlaw Photos 2,297]

Does He even still own the land?  lots of rumors had it changing hands...

[premiumdiesel 300]

check the county clerk's office 

[Fulbrew 357]

19 minutes ago, Outlaw Photos said:

Does He even still own the land?  lots of rumors had it changing hands...

According to the information on the county website, it hasn't changed hands since 2015.  Not sure how often that is updated.  

The assessment really jumped around 2017.  

[scottnorwood 494]

17 minutes ago, premiumdiesel said:

check the county clerk's office 

https://rptsweb.oswegocounty.com/propdetail.aspx?swis=353289&printkey=29300000030060000000

You can just look it up on the county tax data base.

Looks like about $82k/year in county and school taxes.

[scottnorwood 494]

4 hours ago, Mike Coleates said:

Wasting his time & money on what? He’s literally done nothing in 3 years. 

I think he is saying if your paying 82k/year in taxes with little to no income you are going backwards.

Now...maybe the value has increased on that property enough that he will make all that back with profit but in central New York thats a tough game to play.

Also, 82k for a tax write-off is OK for a company bringing in over a million in revenue each year...but something tells me if Glenn was bringing in that much money he would just be building the track on his own....just speculation on my part.

[Lugnut 20]

Thanks for the responses I was just wondering went to Syracuse all my life and was looking forward to this becoming reality .... guessing the way this sounds is it nothing but a grass covered property that won’t become more then a pipe dream 

[Fulbrew 357]

1 hour ago, scottnorwood said:

https://rptsweb.oswegocounty.com/propdetail.aspx?swis=353289&printkey=29300000030060000000

You can just look it up on the county tax data base.

Looks like about $82k/year in county and school taxes.

$82k is a little misleading in that includes a school tax re-levy onto the county bill.  $52k would be closer to an annual number.  Still a large sum.  

[jumper12a 1,641]

14 minutes ago, Fulbrew said:

$82k is a little misleading in that includes a school tax re-levy onto the county bill.  $52k would be closer to an annual number.  Still a large sum.  

If it was $1000/yr, it’s a waste of money lol. It generates $0.

[macho 850]

Wow someone seems to have a real hard on for Glenn. He was never a favorite of mine but like him or not I dont think he's a dummy with money and investments. Who cares what he does with his money and land?

[FightForTheRail 2,602]

38 minutes ago, macho said:

Wow someone seems to have a real hard on for Glenn. He was never a favorite of mine but like him or not I dont think he's a dummy with money and investments. Who cares what he does with his money and land?

The guy strung race fans along with a mountain of bullshit that he would build this great big, beautiful racetrack and the state of New York would pay for it, When you continually play fans for suckers while not getting anything built, even the true believers eventually see it as a farce.

I doubt people would care what he does with his money and land if there weren't the continual claims that it was going to happen.

[scottnorwood 494]

10 hours ago, Fulbrew said:

$82k is a little misleading in that includes a school tax re-levy onto the county bill.  $52k would be closer to an annual number.  Still a large sum.  

 

I thought the re-levy would be itemized on this?

It looks like the last 3 years have been 76k, 76k, 80k.

[scotty29 92]

9 hours ago, FightForTheRail said:

The guy strung race fans along with a mountain of bullshit that he would build this great big, beautiful racetrack and the state of New York would pay for it, When you continually play fans for suckers while not getting anything built, even the true believers eventually see it as a farce.

I doubt people would care what he does with his money and land if there weren't the continual claims that it was going to happen.

I don't think he was just stringing fans along. He made an announcement on his plans to build a top notch facility which was contingent on the state providing grants (which were promised after they demolished the mile) to help get it going. All of it fell apart when Cuomo's cronies got jammed up for misappropriating funds on other projects causing a lot of these grants to go away. 

[dirt-in-my-beer 574]

Like Glenn or not, you gotta admit that this track is as elusive as an albino Bigfoot.

[leroy 5,260]

39 minutes ago, scotty29 said:

I don't think he was just stringing fans along. He made an announcement on his plans to build a top notch facility which was contingent on the state providing grants (which were promised after they demolished the mile) to help get it going. All of it fell apart when Cuomo's cronies got jammed up for misappropriating funds on other projects causing a lot of these grants to go away. 

I agree. Right or wrong.  I think Glenn actually believed that the State would give him the money.  And I think he just may have actually got it. If some of the investigations in Albany you refer to had not taken place.