Milwaukee Mile remains without promoter for 2010 season
By SceneDaily Staff
Wednesday, November 04, 2009
Historic Mile LLC has removed itself from consideration to be the promoter of auto-racing events at the Milwaukee Mile, leaving the 1-mile track’s scheduled NASCAR races for 2010 without a promoter.
The company previously had a letter of intent with the Wisconsin State Fair Board to promote events at the track and had obtained the NASCAR sanctions for Nationwide and Camping World Truck series races next June.
In a letter to the board, the group says that, "Historic Mile invested personal capital to secure a date with NASCAR for 2010. We were, however, unable to fulfill a financial condition of the sanction agreement, which included provisions for payment of the 2009 sanction fee due NASCAR from the former promoter."
The group said it had been clear from the start that outside investors would be needed to finance the ventures.
The state owns the track property and takes bids on the promotional rights for the track. It needed a new promoter after the previous promoter’s contract was terminated for financial reasons in July.
Historic Mile was named the interim promoter to give it time to raise money while also negotiating sanctioning agreements. The Indy Racing League opted not to put the nation’s oldest race track on its schedule, but NASCAR completed a sanctioning agreement with Historic Mile and awarded the Milwaukee Mile its traditional June dates for a Truck-Nationwide weekend.
NASCAR spokesman Ramsey Poston indicated that no decision has been made about whether the NASCAR events will go on as scheduled.
“We are in touch with the Fair Board,” Poston said. “Milwaukee is a really important market to us. We have a great fan base there. At this point, we're considering every available option."
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7 responses to "Milwaukee Mile remains without promoter for 2010 season". Post a Comment.
Werner said:
Nov 4, 2009 at 5:11 PMwhay should the "new" promoter pay for what was owed to NASCAR from the 2009 race?....
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» Confirm Abuse Reportfreegeezer said:
Nov 4, 2009 at 5:34 PMI sure hope something can be done. From the mid-60's to the mid-70's my children and I made the trip up from Illinois for the USAC Rex Mays 150. Those are the most memorable weekends of my 70 years. The kids and I still talk about those trips.
Report as AbuseSince moving to the west coast in 1978, I have made the trip back there three times. I really love that track.
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» Confirm Abuse ReportDickHURTZ said:
Nov 4, 2009 at 6:44 PMIF John Menard does not step in kiss the Mile goodbye. The oldest track hosting races continuesley for over 100 years. The State Board doesn't care about auto racing. The TURDS!!
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» Confirm Abuse Reportjerryswiatek said:
Nov 4, 2009 at 9:25 PMTypical when there is a fair board State operated race track, guess what, there is no money in thier pockets, they suffer none no matter if the track falls into a sink hole or whatever, usually these boards are made up of a bunch of old geisers that can,t all agree on the color of an orange
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» Confirm Abuse Reportrwilliamhayes said:
Nov 5, 2009 at 2:27 AMDeath of another track.It can join the other Ghost Tracks in FRANCECARS logbook.
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» Confirm Abuse ReportWerner said:
Nov 5, 2009 at 4:30 PMi heard somewhere that the race will go on as scheduled...
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» Confirm Abuse ReportWerner said:
Nov 5, 2009 at 7:49 PMactually another group has stepped up and the group does include john menard......"investor group includes billionaire John Menard; John Kaishian, longtime owner of the old Hales Corners Speedway; and the Decker family, owner-operators of the World Championship Snowmobile Derby in Eagle River"
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