AbiTex Construction
Funds Requested: $200K/Year
Funds Used For: The funds will be used for things such as building the track and facilities, staffing, maintenance, insurance, and more.
1. Land Acquisition and Site Preparation
● Land Purchase: Land costs can vary significantly depending on location. For example, rural land in Abilene may cost $3,000 to $10,000 per acre, depending on proximity to town and the size of the lot required.
○ Estimate: 100-200 acres needed for a proper race track, including the paddocks, parking, and spectator areas.
○ Cost: $300,000 - $2 million.
● Site Preparation and Grading: Preparing the land for a race track involves clearing, grading, and earthwork to build the track surface and other infrastructure.
○ Estimate: $500,000 - $1 million depending on the condition and layout of the land.
2. Infrastructure Development
● Utilities: Running electricity, water, sewage, and communication lines. This cost can vary significantly depending on the proximity to existing utility lines.
○ Estimate: $500,000 - $2 million.
● Access Roads and Parking: Creating access roads for emergency vehicles and spectators, as well as large parking lots for fans and participants.
○ Estimate: $500,000 - $2 million.
3. Track Design and Construction
● Track Design: High-quality, professional-grade track design (with input from experienced designers and engineers) is essential for both safety and functionality.
○ Estimate: $200,000 - $500,000.
● Track Construction: Building the track involves laying asphalt or concrete, installing
barriers, drainage systems, and safety features.
○ Estimate: $5 million - $15 million.
● Track Layout & Features: Including elevation changes, straightaways, hairpin turns, and pits, which are custom-designed for the type of events you plan to host.
○ Estimate: $2 million - $8 million for a full-fledged track that supports different racing types (road course, cart racing and motorbikes).
4. Building Amenities
● Clubhouse/Administration Buildings: Including offices, race control, meeting spaces, and hospitality areas.
○ Estimate: $500,000 - $2 million.
● Pit Buildings and Garages: Enclosed garages for racers and teams, which can include climate-controlled spaces and equipment storage.
○ Estimate: $1 million - $3 million.
● Concessions, Restrooms, and Miscellaneous: Buildings for food, beverage, and restroom facilities for spectators.
○ Estimate: $500,000 - $1.5 million.
● Security Infrastructure: Including fencing, gates, and surveillance systems.
○ Estimate: $200,000 - $1 million.
5. Spectator Seating (10,000 people)
● Grandstands: Permanent seating for around 10,000 spectators. Includes stands, seating, safety features, and shade structures.
○ Estimate: $5 million - $15 million, depending on the type of seating and materials used (basic aluminum stands vs. more luxurious suites).
● VIP and Hospitality Areas: Premium seating, suites, and lounges for higher-end guests.
○ Estimate: $1 million - $5 million for premium areas, including track-side condos or suites.
6. Building Track-Side Condos or Other Residential Units
● Track-Side Condos: This is a luxury feature where participants or wealthy individuals can rent or buy condos with direct track views.
○ Estimate: $300,000 - $500,000 per unit, and you could potentially have around 20-30 units.
○ Total Cost: $6 million - $15 million depending on number of units and amenities.
7. Operational Costs (Yearly)
● Staffing: Salaries for full-time employees (managers, security, track crew, customer
service).
○ Estimate: $500,000 - $1.5 million annually depending on the scale of operations.
● Maintenance: Ongoing maintenance for the track, amenities, and infrastructure.
○ Estimate: $250,000 - $1 million annually.
● Insurance: Costs for insurance to cover the venue, cars, and spectators.
○ Estimate: $300,000 - $1 million annually.
8. Revenue Estimates
Revenue generation for such a venue can come from multiple streams including ticket sales, venue rentals, sponsorships, concessions, and track rentals for private events.
Below are rough revenue estimates:
● Ticket Sales: For a venue with a 10,000-person capacity, if you host 10-12 events per year, ticket prices averaging $40 per person, you could expect:
○ Estimate: $4 million - $5 million annually from ticket sales.
● Private Track Rentals: If the venue offers the track for private racing events or driving schools, this could add another revenue stream. Rentals can range from $5,000 to $50,000 per day depending on the event.
○ Estimate: $500,000 - $2 million annually.
● Concessions and Merchandise: A typical race weekend might generate $10 to $20 per person in merchandise and food sales.
○ Estimate: $1 million - $2 million annually.
● Sponsorships and Naming Rights: Partnerships with brands and corporations, especially for naming rights, can bring significant revenue.
○ Estimate: $500,000 - $2 million annually from corporate sponsors.
● Track-Side Condo/Residential Revenue: Selling or leasing condos can provide a significant revenue stream. If condos are sold at $400,000 each, with 30 units, this could bring in $12 million upfront.
○ Estimate: $1 million - $3 million annually from leasing or selling.
Total Estimated Initial Investment:
● Low End: $15 million to $30 million
● High End: $40 million to $70 million
Annual Revenue:
● Low End: $6 million to $10 million annually
● High End: $12 million to $20 million annually
Summary:
For a motorsport venue in Abilene, TX, the upfront cost could range from $15 million to $70 million, with ongoing yearly revenue ranging from $6 million to $20 million. These estimates are based on an ambitious but feasible model and could vary depending on the specific design, location, and amenities offered at the track.
IMPACT
Bringing a motorsport venue similar to G2 Motorsports Park, Eagles Canyon Raceway, Flatrock Motorclub, and Motorsports Ranch to Abilene, TX could have numerous positive impacts on the community, both economically and socially.
Below are some of the potential benefits:
1. Economic Boost
● Job Creation: A motorsport facility of this scale would create a variety of jobs, from construction and track operations to event management, security, marketing, and hospitality services. It could employ dozens to hundreds of local workers depending on the size of the venue and the number of events hosted.
○ Estimate: A venue like this could directly create 50-100 jobs or more, in addition to seasonal or event-based work.
● Tourism and Visitor Spending: Motorsports events attract attendees from outside the local area, especially if the venue hosts regional, national, or even international events. Spectators and participants would spend money on accommodations, food, transportation, and local attractions.
○ Estimate: Events could attract thousands of visitors annually, contributing millions of dollars to the local economy.
● Partnerships with Local Businesses: Restaurants, hotels, gas stations, and retail stores would benefit from increased demand on race weekends. Local businesses could see a surge in sales from visitors attending races or participating in track events.
2. Increased Community Engagement
● Youth and Education Programs: A motorsport venue could offer educational programs or partnerships with local schools and universities to provide training in engineering, mechanics, and motorsport-related fields. This would give students hands-on experience and opportunities for future careers.
○ Example: Internship or apprenticeship programs related to vehicle maintenance, race management, and event coordination.
● Youth Engagement and Recreation: For local youth, the venue could offer driving schools, karting experiences, and other youth-focused programs that encourage engagement in motorsports in a safe and controlled environment. This can create positive recreational outlets for young people.
○ Example: Track days for high school or college students, offering safety-focused driving skills training.
● Community Events: Beyond racing, the venue could host non-racing events like car shows, trade shows, charity events, and outdoor festivals, further integrating into the community and offering a variety of entertainment options.
3. Infrastructure Improvements
● Upgraded Infrastructure: The development of a motorsport track would likely require upgrades to local roads, utilities, and other infrastructure. This can have long-term benefits for the local community, making Abilene more accessible and improving overall infrastructure quality.
● Transportation Hub: Abilene could become a regional transportation hub, drawing visitors from nearby cities such as Dallas, Fort Worth, San Angelo, and Lubbock. This could lead to further development and improvements in transportation infrastructure.
4. Increased Quality of Life and Recreation
● New Recreational Opportunities: Abilene residents would have access to a state-of-the-art motorsports venue, creating new opportunities for recreational driving, motorsports clubs, and car enthusiasts. It could also serve as a venue for local racing clubs to compete in a safe, controlled environment.
○ Example: Track days for car enthusiasts, autocross events, and driving schools.
● Hosting Major Events: If the venue can attract major regional or national events, it would put Abilene on the map as a motorsport destination. Major races or car shows would also offer unique entertainment experiences that might not otherwise come to the area.
5. Attracting Investment and Branding Abilene
● Attracting Investors: The construction of a high-quality motorsport venue could attract additional investment in the area, including new businesses, sponsors, and partners interested in the region's growing motorsports scene.
● City Branding: Abilene could be recognized as a motorsports hub in Texas, which might appeal to other industries (like technology, automotive, and tourism). This could help shape the city's identity as a place with innovative infrastructure and diverse entertainment options.
● Regional and State Recognition: The track could elevate Abilene's profile within Texas and the broader motorsports community, which may lead to further tourism development, including the potential to host international events like road races or endurance events.
6. Environmental and Sustainability Initiatives
● Sustainable Design: A modern motorsport venue could incorporate green building techniques, energy-efficient technologies, and sustainability practices, which would benefit both the local community and the environment.
● Eco-Friendly Events: The venue could focus on eco-friendly events, such as electric vehicle (EV) races, which could bring attention to sustainability in motorsports and attract environmentally-conscious visitors.
● Lake and Parks: Possibly constructing a pond or small lake for wildlife and walkways with parks for kids creating a beautiful landscape.
7. Cultural Impact
● Cultural Enrichment: A motorsports venue could offer a new and unique cultural experience to Abilene, creating an exciting, adrenaline-driven environment for local residents and visitors. It could also serve as a venue for car culture-related events like vintage car shows, classic car exhibitions, and motorsport history exhibits.
● Community Pride: Hosting major events and being the home of a significant motorsports venue could foster pride among residents, drawing the community together through shared experiences and excitement surrounding the events.
Conclusion:
Bringing a motorsports venue like those in the examples (G2 Motorsports Park, Eagles Canyon Raceway, Flatrock Motorclub, and Motorsports Ranch) to Abilene, TX would likely have a transformational effect on the community. It could spur economic development, create jobs, enhance local tourism, and provide new recreational and cultural opportunities. The venue would not only attract visitors from across Texas but could become a central hub for motorsports enthusiasts and businesses in the region, driving long-term growth and sustainability for Abilene. Abilene is a central area of Midland/Odessa, Lubbock, DFW, Austin, San Angelo, and other surrounding communities that love their cars. This track would also be the main meeting place for all future car shows for all the car enthusiasts. It can also host the Abilene Fireworks show as well! Thank you for taking the time to read my idea to make Abilene greater by Investing In Abilene.
Visit the REQUEST tab to request more information on this business or to request a meeting with the owner.