Latest news on LimeRock "club"
The latest news on Skipy's summer camp for wayward boys.
Date Tues Dec 19th
Members & Prospective Members:
Please read the enclosed. We have commenced track operations and we have 103 and counting.
Please email or call me if you have any questions. Happy Holiday's!
Stephan Condodemetraky
Member #
NEWS RELEASE
FOR IMMEDIATE RELEASE
THE CLUB AT LIME ROCK PARK BREAKS ESCROW
AND COMMENCES OPERATIONS
Track Upgrades to Begin This Winter
Lakeville, CT – (December 19, 2007) Skip Barber, President of Lime Rock Park, has announced the Club at Lime Rock Park (The Club) www.limerockclub.com has broken escrow and officially commenced operations. At a member meeting and holiday party held this past weekend, Barber announced the 2008 schedule of 60 member track dates, with more than 40 dates scheduled for the months of May, June, July, August, and September. Barber also announced Lime Rock Park has hired a general contractor, Mohawk Construction out of New Britain, Connecticut, and they expect to announce the selection of a paving contractor soon. Site preparation to upgrade the track will begin this winter.
“We are very pleased to have more than one hundred member commitments,” said Barber, “and we are equally excited to break escrow and begin major renovations on our historic, fifty-year-old track. Earthwork will begin soon and we will complete many of the track upgrades by the end of 2008.”
Construction is being funded by revenue raised through the sale of Club memberships. When Barber unveiled The Club last summer, he stated that 300 memberships would be sold to raise funds for track and facility improvements, and to preserve Lime Rock Park as the Northeast’s premier race course for the next fifty years.
-more-
Club at LRP Breaks Escrow
December 19, 2007
Page 2
Barber said a topographical survey of the track has been completed and preliminary engineering work is underway.
“We will not change the character of the track, but I believe we can make it a little slower and safer, as well as wider and smoother.” After the paving company is selected, Barber will announce the paving schedule.
One of the Club’s initial members, John Steinmetz, said, “This is an exciting announcement for members. It’s so rewarding to see our efforts coming to fruition, and it’s comforting to know that Lime Rock Park will be spared the fate of other tracks that have become golf courses and housing developments.”
The improved Lime Rock Park will feature a member clubhouse, renovated press facility, exclusive members pit lane, renovated bathrooms, and new water/drainage systems.
Lime Rock Park is nestled comfortably in the lush green foothills of the Berkshire Mountains, and is undoubtedly one of the most beautiful and historic road racing facilities in North America, a perfect setting for a motor sport club and the only one currently open in the Northeast. Barber said it is critically important to him that Lime Rock Park is significantly improved without losing any of its charm or character, something he has strived to achieve with the many track improvements made thus far.
Memberships to the The Club carry a one-time fee of $110,000 which includes applicable Connecticut Dues Tax of $10,000. The length of membership is fifty years, and can be passed down in the immediate family or resold through The Club.
For more information, or to request an interview with Skip Barber, please contact Scott Tranchemontagne or Deb Daigle at 603-644-3200, or visit www.limerockclub.com.
karting yes, worry about LRP no
Sounds good to me, I am up for some karting at Wallingford. I guess we will see what LRP has in store for us when we get there.
Rand will still take it flat
Can someone clear this up for me. IF you get pushed off line and have to use the members only, reserved, eingang verboten lane do you automatically have to pay the $110,000? What if during a black-flag-all event the pit marshall inadvertently sends the whole field down that lane? Does Skip make upwards of 3Mill in a weekend, without even trying? I assume the 10K CT tax part of that expenditure is tax deductable. Anyone know?
Rand is going to go through a lot of suspension pieces if they truly tighten up the downhill. I doubt he can lift his right sneaker in that part of the world even on foot. Anyone ever see him walking through there? Probably develops a limp of some sort.
Wallingford? When? Eddie, John, Call me if you go. I am in the book.
Here's some exposure for ya!
As seen on CNBC's High net worth. The "push" is on!
http://www.limerockclub.com/media/cnbc_interview.asp