Drag City..... it doesn't look good
10-27-2007, 02:04 PM
#3
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Car: 91 Z28
Engine: LB9
Transmission: auto
Axle/Gears: 3.42
Re: Drag City..... it doesn't look good
I read the article in the local paper yesterday. Sounds like they just couldn't get the money together. I think one of the things that killed them was trying to develop it into a huge thing like pomona before it even got off the ground. The initial plan was to be a 1/4 mile run what you brung kind of track, then it morphed into a 10,000 seat stadium track.
10-27-2007, 04:08 PM
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Re: Drag City..... it doesn't look good
From my email
To the racers and our supporters:
We are fighting back and already have Banning City Council members reconsidering their vote this past week to "terminate the master agreement" to build Drag City.
As you may or may not know we went through a tough time with an "investment group" that promised the world to us and the city of Banning. They didn't produce the cash necessary in their 3 years time at the helm.
However, we did gain 100% control of our company back and now have the leverage of land (that tripled in value) to offset the cost of construction, putting us in a better position then ever to build.
The city became gun-shy after the "investment group" left a bad taste in their mouth last month. We tried and succeeded in acquiring the investments group's LLC Company, master agreement with the city and its land just 2 weeks ago. But because the damage was done, the city didn't want to continue this past Oct. 23rd.
THERE IS STILL HOPE!!! We have a plan to reverse that decision with a possible lawsuit and the power of masses through an email petition.
If you love this sport and want a weekly place to race in Southern California... make a difference and let the city of Banning know by signing the following petition.
Please fill out all the required fields of the petition to make it legal. Thank You for your support. It's not over yet! LET OTHERS KNOW!
http://www.ipetitions.com/petition/dragcity/
To the racers and our supporters:
We are fighting back and already have Banning City Council members reconsidering their vote this past week to "terminate the master agreement" to build Drag City.
As you may or may not know we went through a tough time with an "investment group" that promised the world to us and the city of Banning. They didn't produce the cash necessary in their 3 years time at the helm.
However, we did gain 100% control of our company back and now have the leverage of land (that tripled in value) to offset the cost of construction, putting us in a better position then ever to build.
The city became gun-shy after the "investment group" left a bad taste in their mouth last month. We tried and succeeded in acquiring the investments group's LLC Company, master agreement with the city and its land just 2 weeks ago. But because the damage was done, the city didn't want to continue this past Oct. 23rd.
THERE IS STILL HOPE!!! We have a plan to reverse that decision with a possible lawsuit and the power of masses through an email petition.
If you love this sport and want a weekly place to race in Southern California... make a difference and let the city of Banning know by signing the following petition.
Please fill out all the required fields of the petition to make it legal. Thank You for your support. It's not over yet! LET OTHERS KNOW!
http://www.ipetitions.com/petition/dragcity/
04-08-2009, 04:37 PM
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Re: Drag City..... it doesn't look good
its dead. lawsuit filed against city of banning http://public-access.riverside.court...etype=RIC&dsn=
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04-13-2009, 02:07 PM
#8
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Location: Corona CA.
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Car: 89 IROC/Z28
Engine: 350 TPI 5.7L
Transmission: 700R4
Re: Drag City..... it doesn't look good
What's your price for a 700r4 rebuild. Or do you have one sitting around in your shop? If so, what is your price?
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