This is what I read last year on another site.
It could be just a lot of gossip for all I know.
It goes something like this:
Bernie Longjohn ,the operator of the LACR track, leases the property from a company that is in the business of mining sand and rock for building materials.
Their operations are adjacent to the track.
The land the track occupies is sitting on choice material that could be ,and is probably slated to be ,mined in the not to distant future by the owners of the property.He is triying to work it out.
The LACR track is still open for business and there have been no official announcements by the track operator that he is gonna cease operations any time soon.
End of story.
This puts any track on shakey ground (no pun) if the operator cannot negociate a deal to keep the business where it is for awhile longer and lease a different parcel from the owners or land somewheres else close by at a rate and term that would be beneficial to a race track operator and be able to relocate / rebuild operations . If a deal works out that is good for both sides ,great.
If all the track operator can get is a month to month deal and a 1 year conditional use permit it is not worth it to sink the money into the existing location or a new one.
That sort of situation is what has led to the demise of so many racetracks over the years.Carlsbad Raceway hung on for years in that kind of limbo and finally closed with nowhere else to go.
Makes it tough to run a business that requires a long term pay back.
Land costs/development costs / loan costs / operating costs / time it takes (#years) to get initial investment back + profit.
Not quite like building a baseball park in a cornfield for a Hollywood movie.
"If you buid it they will race"